5.0 FLOOD INSURANCE AS RISK TRANSFERENCE MECHANISM
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Q5.1) What is the role of the reinsurance sector if the NL system remains public?
Q5.2) Can flood insurance act as a price or market-based incentive to promote risk awareness
prevention and mitigation?
Q5.3) What are the risk transfer mechanisms?
Q5.4) Are there different risk transference mechanisms available in public, private or mixed systems?
Q5.5) Would variable pricing of flood risk insurance motivate consumers and insurers more or less to
take flood risk reduction and management measures?
Q5.6) Would the impact of risk-based flood insurance pricing be affected If flood insurance was
mandatory?
Q5.7) In countries where there are adjustable premiums, e.g. the UK, do insurers adequately adjust
premiums following the implementation of flood risk prevention measures? Do premiums really reflect
actuarially correct pricing?
Q5.8) What risk transference options are there for low-income consumers who might otherwise be
excluded from flood insurance products and thus reduce effectiveness of the scheme through low
penetration?
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Q5.8) What steps other than insurance premium differentiation can be taken to reduce the effects of
moral hazard through encouraging risk-mitigating behaviour? What mechanisms are in place to reduce
moral hazard? For example what data exists to prove that deductibles, excesses co-insurance and other
exclusions are indeed effective at reducing moral hazard?
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