Imagine a world where:
- Municipalities proactively restore wetlands and offshore reefs wherever possible to protect their citizens and infrastructure and lower their insurance premiums.
- Small-scale fishers receive insurance payouts immediately after devastating hurricanes so fisheries-dependent communities can start to recover.
- The risks of running an illegal fishing operation rise dramatically because it is impossible to get insurance for the ships involved.
In an article that asks how insurers can help improve the health of oceans and the communities reliant on it, UNEP FI’s Butch Bacani talks to Marine Ecosystems and Management. Alex Kaplan from UN Environment’s Principles for Sustainable Insurance signatory, SwissRe is also featured.
Read the article here.