DescriptionWhen a flood occurs incumbent insurance policyholders can generally get reimbursed, fix damages and go on with their lives.
Insurance companies like LB forsikring are interested in preventing the damage before it happens, which puts focus on individual adaptation measures, such as installing flood barriers. However, the low probabilities and high stakes entailed by climate change extreme events can compromise policyholders’ ability to adopt appropriate individual adaptation measures.
To help understand the human convergence and deviations from efficient response, Catharina Wolff von Bülow developed a framed risk elicitation task. In collaboration with the LBeta team she has extended the task with a methodically designed survey to explore psychometric factors of adaptation in a flood context, where she tested the influence of personality traits, preferences, perception, vulnerability and socioeconomic attributes on adaptation decisions of 310 insurance policyholders.
At this meeting, she will present the design, method and results.
|Period||10 Mar 2022|
|Event title||The Knowledge Centre for Prevention Project meeting|
|Degree of Recognition||Local|