10.0 OTHER QUESTIONS
Q10.1) Affordable private insurance is contingent on not getting flooded - please discuss.
Q10.2) Other than traditional indemnity-based insurance, what innovative approaches to assessing and
compensating flood risk is now available? What are the advantages and disadvantages of these?
Question Sources
A number of academic papers have been used to develop these questions. Specifically the Green Paper
on the insurance of natural and manmade disasters (Strasbourg, 16.4.2013 COM (2013) 213 final). To
avoid completely re-inventing the wheel this paper been was used an underlying guide for this survey.
Questions are however tailored to the specificities of flood insurance.
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Appendix 3 Expert Interview Details
The details of the experts interviewed for this thesis are given below. If more information is required
concerning their contact details or other relevant data, requests can be sent to
Name Organisation/Position Method Anonymity CompanyRequestedKosta Neerlandse Founding partner of Face to face Nothe only private flood
Keramopoulosinsurance provider in NL
Matthijs Kok HKV Founding Consultants and Partner/Professor and TU Delftpart-time chair of Flood Risk.Senior Property Face to face Yes
T.S. Lloyd's Syndicate 1 UnderwriterBroker (Senior V P) Face to face Yes
J.W. Lloyd's Syndicate 2
Youbaraj VU University PhD Dutch climate
PaudelAmsterdamchange risk insurance and adaptation Assistant Professor
Wouter Botzen VU University Environmental Economics
Marko van Dutch Spokesperson Email N/A
LeeuwenAssociation of exchangeInsurers (Verbond van Verzekeraars)
Table 5: Expert Panel Members
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Appendix 4 Comparison of Components of National Flood Compensation
Systems
THE NETHERLANDS THE UNITED
FRANCE BELGIUM
KINGDOM
GENERAL
COMPONENTS
Catastrophes
Name WTS Statement of
Waarborg
Natuurrampen
Principles
Naturelles
(NAT/CAT)
(WN)
1998 to present 1986 - 2013
1982 to present 2005 to present
Year of
Operation
(extended to
2015 while
'Flood Re' is
organised)
Insurance
Public Private Public Private Public Private
System Type
Data not available 1/75 1/100 1/100
Standard
Disaster Return
>0.001% or 100% 75% - 90% 92% 95%
Market
Penetration
Tariff office,
Reinsurance by
Flood protection
Flood protection,
Public Sector
mitigation, financial
Responsibility
and mitigation
public body (CCR),
prevention, state
compensation
state guarantee,
guarantee
prevention and
mitigation
Cover the risk,
Cover the risk, issue
Flood insurance
Currently limited to
Private Sector
one private insurance
system
and administer
issue and
company: Neerlandse
policies. Private
administer
reinsurance an
policies
option.
Through general
No Yes, with property Yes, with fire
Compulsory
Insurance
taxation and water
board tax
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THE
THE UNITED
NETHERLANDS
FINANCIAL
Flood, earthquake,
Flood Flood,
Hazard(s) Covered Fresh water flood
only (storm surge
earthquake,
sewer overflow
excluded)
volcano
Premiums +
Finance Source General Taxation Premiums +
reserve
government
equalisation
subsidy
Damage Covered On property not
Property and
Property,
otherwise insured
contents
contents,
contents to max
personal injury
limit
N/A Risk Set by state
Risk based, set
Premium (risk
based or fixed)
(CTO),
and collected by
collected by
insurers, maximum
insurers
set by state
Reinsurance No. Theoretical limit
Private With CCR,
Private with state
of Euro 450m per
unlimited state
year
guarantee
Official Trigger Yes No Yes No
ASSESSMENT AND
MITIGATION TOOLS
Risk Zoning and
Yes Yes Yes Yes
Risk Maps
Incentives on
Not applicable Premiums &
Deductibles Premiums
Premiums or
Deductibles
Deductibles
Comprehensive
No Yes Yes Yes
National Flood Risk
Models
Table 3 General Components of National Flood Compensation Systems. Source: Adapted from
Paudel (2012)
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