United Nations
#OceanAction15404
Coastal Risk Resilience and Insurance
by The Nature Conservancy (Non-governmental organization (NGO))
In order to achieve Coastal Risk Resilience (CRR) TNC has partnered with risk-modeling and re-insurance companies. TNC and the Red Cross are working together in places like Grenada, Jamaica, and Dominican Republic to help communities adapt to the risks of climate change (e.g. rising seas and intense storms) through nature-based solutions. Reefs and mangroves can be a cost-effective option when compared with grey infrastructure, and they also play a critical role in reducing the social vulnerability of communities.

TNC has also partnered with Swiss Re, one of the worlds largest reinsurance companies, to help understand the economics of nature-based coastal defenses. As a result of this work, TNC is exploring how new nature based insurance products can protect and finance ecosystem based coastal adaptation. We aim to protect and finance nature based coastal adaptation for vulnerable coastal communities and economies.


Progress reports
14.2
By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience, and take action for their restoration in order to achieve healthy and productive oceans
Type of commitment
  • Community or Locally Managed Marine Areas
  • Integrated Coastal Management
  • Ecosystem-based Adaptation
December 2019
A report the shows how coastal wetlands prevents shoreline damage to people and places and protects local economy's
December 2019
Will produce an analysis of the role that wetlands play in reducing storm and flood damage to communities
Staff / Technical expertise
Coastal Risk Resilience Expertise
Staff / Technical expertise
Insurance Experts
Basic information
Time-frame: June 2017 - Dec 2020
Partners
The Nature Conservancy Red Cross Global Disaster Preparedness Center Swiss Re Risk management solutions
Ocean Basins
  • Global
Beneficiary countries
Other beneficaries
Contact information
Tamara Thomas, Ocean Policy Advisor , Tamara.Thomas @tnc.org, 202-421-3656
Virginia USA
Other SDGs
United Nations