With Queensland’s catastrophic bushfires front of mind, a strategic management academic from The University of Queensland (UQ) Business School is urging for adaptation of the insurance industry to assist in society’s ability to recover from climate change-related disasters.
The increasing frequency and severity of climate-change-driven disasters has led to calls for greater collaboration between the insurance industry and state policy makers, including investment in open-source risk models, which could improve society’s ability to recover from disasters linked to climate change.
UQ Business School strategic management expert, Professor Paula Jarzabkowski and her co-authors recommend that climate-risk models and data be better used to inform policy makers of the hazards and vulnerabilities in their respective countries.
