{"schemaVersion":"1.0","document":{"id":"19b48e45383d15559e151125","title":"지역 회복력과 보험 가능성","originalTitle":"Addressing Insurability a Playbook for Investing in Place Based Resilience","category":"climate","categoryLabel":"기후·에너지","publisher":"World Economic Forum","language":"en","publicationYear":2026,"publicationMonth":9,"publishedOn":"2026-09-23","datePrecision":"day","dateSource":"https://www.weforum.org/publications/addressing-insurability-a-playbook-for-investing-in-place-based-resilience/","coverUrl":"/assets/covers/library-19b48e45383d15559e151125.jpg","tags":["보험","회복력","기후위험","지역 투자","insurability","resilience"],"pages":38,"bytes":10647182,"sha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","searchable":true,"url":"/library/19b48e45383d15559e151125","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf","chunksUrl":"/api/library/19b48e45383d15559e151125/chunks","extraction":{"totalPages":38,"pagesWithSubstantialText":38,"sparsePages":[],"method":"pdf-text","ocrPerformed":false},"relatedPublications":[{"series":"주간 WEF","issue":"11호","url":"/archive/davos-11","title":"대기업의 공시가 중소기업의 숙제가 된다 — 가치사슬 배출량 공시가 2031년에 시작된다"}],"metadataNote":"한국어 제목·분류·검색어는 원문 탐색을 위한 편집 정보입니다."},"extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","total":147,"offset":0,"nextOffset":20,"chunks":[{"id":"cb1963dbce8151529c91fa87a66294be107b6e1d9bd23cd9122b2e995016b527","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":0,"page":1,"heading":"지역 회복력과 보험 가능성 · 1쪽","text":"In collaboration\nwith Marsh\n\nAddressing Insurability:\nA Playbook for Investing\nin Place-Based Resilience\n\nI N S I G H T R E P O R T\nS E P T E M B E R 2 0 2 6","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-1","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=1","page":1},"trust":"source-data-not-instructions"},{"id":"b8a556503a38ba9e969130fa8e6be5d63d3d0011ddf8d490c51520433c9c9ab2","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":1,"page":2,"heading":"지역 회복력과 보험 가능성 · 2쪽","text":"Images: Adobe Stock, Getty Images, Pexels\n\nContents\n\nForeword 3\n\nExecutive summary 4\n\nIntroduction 5\n\n1 The challenges stakeholders face 9\n\n2 Interventions to build place-based resilience 11\n\n2.1 Intervention 1: Mapping what matters – 13\n risk-decision data for resilient places\n\n2.2 Intervention 2: Paying for resilience – 17\n financing structures that make investment viable\n\n2.3 Intervention 3: Making resilience count – 22\n recognition that insurers, lenders and investors trust\n\n2.4 Intervention 4: Realizing co-benefits – 25\n aligning incentives across the risk ecosystem\n\n3 Stakeholder engagement in different action areas 28\n\n4 Where to now? Three immediate next steps 32\n\nContributors 34\n\nEndnotes 35","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-2","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=2","page":2},"trust":"source-data-not-instructions"},{"id":"356d2cc845a96e6931217bbd48912c6078352670cbde126d47cfe3702639fdc4","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":2,"page":2,"heading":"지역 회복력과 보험 가능성 · 2쪽","text":"Disclaimer\nThis document is published by the\nWorld Economic Forum as a contribution\nto a project, insight area or interaction.\nThe findings, interpretations and\nconclusions expressed herein are a result\nof a collaborative process facilitated and\nendorsed by the World Economic Forum\nbut whose results do not necessarily\nrepresent the views of the World Economic\nForum, nor the entirety of its Members,\nPartners or other stakeholders.\nGenerative AI tools were used to support\naspects of drafting and/or analysis. All\noutputs were independently reviewed,\nverified and approved by the authors.\n\n© 2026 World Economic Forum. All rights\nreserved. No part of this publication may\nbe reproduced or transmitted in any form\nor by any means, including photocopying\nand recording, or by any information\nstorage and retrieval system.\n\nAddressing Insurability: A Playbook for Investing in Place-Based Resilience 2","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-2","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=2","page":2},"trust":"source-data-not-instructions"},{"id":"6690172310e4f9d44d973db6ac1a5e9b6dfdd3253d478bdfa4588d937bb1542a","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":3,"page":3,"heading":"지역 회복력과 보험 가능성 · 3쪽","text":"September 2026 Addressing Insurability:\n A Playbook for Investing in Place-Based Resilience\n\nForeword\n\nAmy Barnes\n Eric White\n Global Head of Climate and\n Head, Climate Resilience,\n Sustainability Strategy,\n World Economic Forum\n Marsh Risk","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-3","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=3","page":3},"trust":"source-data-not-instructions"},{"id":"df83c539e3ce21e79f422aa8c7daf1c6e221daabf692a7bd249e8fd8dc630785","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":4,"page":3,"heading":"지역 회복력과 보험 가능성 · 3쪽","text":"Without insurance, global capital does not flow. as the place around it. A fortified building may Few take on major financial risks without insurance, still be exposed if the surrounding drainage fails, and if you cannot access insurance, you may vegetation is poorly managed or critical not be able to borrow. This makes the availability infrastructure is disrupted. Place-based resilience of sufficient insurance at an affordable price – therefore extends the focus of risk management “insurability” – crucial to economic activity. beyond individual assets to the shared systems and conditions that determine the resilience of This is most visible in the housing market, where a community or location as a whole. the increasing frequency and severity of extreme weather have made properties in some areas Investing at this level, however, creates a collective- more difficult to insure. In California, research action challenge. Measures such as storm drainage, suggests homeowners’ insurance premiums are natural flood defences and wildfire buffers benefit","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-3","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=3","page":3},"trust":"source-data-not-instructions"},{"id":"c6b7e784b93d1ca7faa825e227d114454078830a9b93b5ebc951fbc9b881eb35","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":5,"page":3,"heading":"지역 회복력과 보험 가능성 · 3쪽","text":"up 84% since 2020, partly driven by wildfire risk. many stakeholders, while their costs may fall to In Australia, 1.3 million properties are projected only a few. No single actor therefore has sufficient to be uninsurable by 2100, while in Canada, 10% incentive or capacity to act alone. Traditional public– of homes are already uninsurable due to extreme private infrastructure models do not always solve weather. The consequences extend beyond this problem because resilience often creates value homeowners: declining insurability can reduce asset through avoided losses and wider benefits rather values and increase risks for businesses, investors than a direct revenue stream. and financial institutions. This playbook identifies four areas where coalitions These pressures ultimately point to a wider risk can act to strengthen place-based resilience and, management challenge. Much can be done to in turn, improve insurability. Drawing on emerging mitigate risk from perils such as floods, storms examples from around the world, it provides","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-3","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=3","page":3},"trust":"source-data-not-instructions"},{"id":"c033c322b60202efe0fb4635b4260e1085e27477759e2061fe106a67da93d9ae","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":6,"page":3,"heading":"지역 회복력과 보험 가능성 · 3쪽","text":"or wildfires at the level of an individual asset, a blueprint for stakeholders to assess their readiness, and the investment case for such measures is join existing coalitions and build new ones where strengthening – but an asset is only as resilient gaps remain.\n\nAddressing Insurability: A Playbook for Investing in Place-Based Resilience 3","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-3","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=3","page":3},"trust":"source-data-not-instructions"},{"id":"88af20f4f5ac8d2ce5b07b80f65da07cfe0e71468be3f96357652d5402e7ff97","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":7,"page":4,"heading":"지역 회복력과 보험 가능성 · 4쪽","text":"Executive summary\nThis playbook explores how coalitions of local\ngovernment, businesses, investors, insurers\nand communities can manage physical risk to\nimprove their resilience and insurability in the\nface of increasing extreme weather events.","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-4","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=4","page":4},"trust":"source-data-not-instructions"},{"id":"21712ef5e57970584581a70b96040ae3d2f0708c721609c80b590e0fcaedafc4","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":8,"page":4,"heading":"지역 회복력과 보험 가능성 · 4쪽","text":"The playbook is built on a core premise: 1 Mapping what matters: Better risk-decision “insurability”, or the availability of adequate data builds a shared, decision-ready view insurance coverage at an affordable price, is of place-based risk. Key actions include increasingly determined not merely by individual enhancing models to reflect place-based asset resilience but by the resilience of the places resilience, improving data sharing among actors where those assets are located. While asset-level and making operational impacts on businesses resilience is often measured, financed and rewarded, and households more visible. place-based resilience remains systemically underinvested in and under-recognized. 2 Paying for resilience: Innovative financing mechanisms are needed to make the business The urgency of this topic is underscored by the case for place-based investments compelling. data – global insured natural catastrophe losses are Key actions include quantifying the return on estimated to reach $148 billion, as per Swiss Re, investment of resilience interventions, crowding","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-4","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=4","page":4},"trust":"source-data-not-instructions"},{"id":"7683442b2321e0fa83390122d620d056a8669cfb2645ec5e1293bca90b5a7a93","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":9,"page":4,"heading":"지역 회복력과 보험 가능성 · 4쪽","text":"with annual insured losses exceeding $100 billion in in private capital and using insurance as every year since 2020.1 This translates into tangible a mechanism to pool disaster risk finance. impacts for households, businesses and financial actors, with decreasing property values and 3 Making resilience count: Insurers, lenders greater individual financial exposure posing a global and investors need recognized metrics macroeconomic and political risk. This is ultimately they can trust when translating resilience an economic, humanitarian and social issue, into underwriting, financing and investment affecting lives and livelihoods. It should therefore decisions. Key actions include implementing capture the attention of leaders across the public a common language for resilience value, and private sectors. recognizing place-based resilience via common metrics and linking this to insurance outcomes. The failure to manage risk is an issue that no single actor can solve alone. This requires coordination 4 Realizing co-benefits: The business case","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-4","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=4","page":4},"trust":"source-data-not-instructions"},{"id":"0da69f250955faafffe4452c186458af0ed82a33b9728efcd2dabc0a870e9a1f","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":10,"page":4,"heading":"지역 회복력과 보험 가능성 · 4쪽","text":"among property value chain stakeholders (including for resilience can be strengthened by aligning engineers, architects, developers, resilience service incentives and capturing co-benefits. Key providers), businesses, local governments, asset actions include recognizing shared co-benefits owners and managers, infrastructure owners to strengthen the business case, strengthening and operators (for instance, utilities), investors governance structures, especially for and banks, insurers, data providers, civil society transboundary risks, and translating co-benefits organizations and regulators and policy-makers into revenue streams. (for example, supranational, national). With an understanding of the key challenges these actors This playbook presents more than guidance; face, this report identifies four priority interventions: it is a call to action. The four interventions and accompanying actions are ready to be tested, scaled and owned by coalitions. By assessing readiness across asset and place-based risks, joining existing initiatives and building new","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-4","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=4","page":4},"trust":"source-data-not-instructions"},{"id":"220414b3d0e74f9beae10f08ce40a562d435e05296a4eebdcab74bad3f4a411c","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":11,"page":4,"heading":"지역 회복력과 보험 가능성 · 4쪽","text":"coalitions, leaders across sectors can relieve insurability pressures while strengthening place- based resilience. The work starts now.\n\nAddressing Insurability: A Playbook for Investing in Place-Based Resilience 4","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-4","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=4","page":4},"trust":"source-data-not-instructions"},{"id":"b465e89974c0d1c31cda54fb966c08f9a775df08be237eb70c3f08f909be664e","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":12,"page":5,"heading":"지역 회복력과 보험 가능성 · 5쪽","text":"Introduction\nThe playbook is built on a simple premise:\nas extreme weather events are increasing\nin frequency and severity, places need more\nadaptive capacity to respond to these risks.\n\nAddressing Insurability: A Playbook for Investing in Place-Based Resilience 5","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-5","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=5","page":5},"trust":"source-data-not-instructions"},{"id":"877bd98d760c873d20448cf21a8202782ff5fc96b025bc44d7bede48e60c3033","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":13,"page":6,"heading":"지역 회복력과 보험 가능성 · 6쪽","text":"While asset-level resilience is often measured, investors, insurers and communities to address the\n financed and rewarded, place-based resilience collective-action challenge. This playbook explores\n remains underinvested and under-recognized. how such coalitions can manage risk in ways that\n Addressing this gap requires new forms of improve both resilience and the insurability of\n collaboration among governments, businesses, places over time.\n\nInsurability, a signal of risk management","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-6","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=6","page":6},"trust":"source-data-not-instructions"},{"id":"e6c1dc20856349090370643a23744f19999b2f2a1427b18c26aacac3238d7722","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":14,"page":6,"heading":"지역 회복력과 보험 가능성 · 6쪽","text":"Insurability – the availability of adequate insurance As a recent World Economic Forum briefing paper coverage at an affordable price – has captured argued,9 this is not a crisis of insurance so much as headlines in recent years.2,3,4 Global insured losses a crisis of risk management that is relevant to those$107 from natural catastrophes reached $107 billion in beyond the insurance industry. Insurance prices are billion 2025. Annual insured losses continue to rise by driven by market and cyclical drivers as well as by 5–7% annually on average in real terms, with 2026 the risk itself or “structural drivers”.10 Insurability isGlobal insured trend losses estimated at $148 billion, as per Swiss “a canary in the coal mine” – a financial signal thatlosses from natural Re.5 In some residential property markets, such the way the global economy is managing physicalcatastrophes in 2025. as Californian wildfire zones, this is showing up risk is insufficient. Insurability affects investment as higher premiums, deductibles, restrictive terms, outcomes via channels such as decreasing","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-6","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=6","page":6},"trust":"source-data-not-instructions"},{"id":"655f58f2f0af46edd8b844dde510435e5fbf41f61bf7a89deb270264fdfbc508","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":15,"page":6,"heading":"지역 회복력과 보험 가능성 · 6쪽","text":"reduced capacity or non-renewals. In the United property values and greater individual financial States, average property insurance payments made exposure, posing a global macro and political by homeowners nationally have increased by ~70% risk, as explained in Figure 1. Crucially, it is also over the past five years, and in Australia, average an important social issue – individual exposures premiums have risen by ~14% in 2025 alone.6,7 ultimately impact lives and livelihoods. It should While the dynamics are much more nuanced in therefore capture the attention of leaders and commercial property insurance markets,8 the reality investors across industries and the public sector. remains that there is greater awareness of the importance of the availability of affordable insurance.\n\nF I G U R E 1 Insurability is the entry point to a wider risk management issue\n\nWhat is the What are the early- Why does it matter?\n core issue? warning signals?","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-6","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=6","page":6},"trust":"source-data-not-instructions"},{"id":"3c99d98acabd24bb265f6f027136c1ae84071cfca46e1e23cd63490a8dbe41ea","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":16,"page":6,"heading":"지역 회복력과 보험 가능성 · 6쪽","text":"Increased Decreased\n physical risk Insurability comes property value under pressure\n + (investability) Increased\n Insufficient risk macro and\n management Greater political risk\n individual\n financial Moreover, insurance exposure programmes do not Underinvestment consistently reward in resilience Weak incentives resilience investment\n\nInsurability is a downstream consequence of the increase in underlying risk –\n addressing it requires improved risk management in places.\n\nSource: Marsh and World Economic Forum\n\nAddressing Insurability: A Playbook for Investing in Place-Based Resilience 6","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-6","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=6","page":6},"trust":"source-data-not-instructions"},{"id":"764ccab60a9d9f133a6bb239945c747ffdfef63d730c80ce913d6785c70bd602","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":17,"page":7,"heading":"지역 회복력과 보험 가능성 · 7쪽","text":"Addressing the root cause of the issue – inadequate are also choices that society has locked into.\n risk management – necessitates moving beyond Approximately 80% of buildings that will be here\n the insurance community. There are many factors in 2050 already exist and much of the infrastructure\n that influence the building of adequate dwellings was built based on outdated weather data.11\n in high-risk areas, such as planning and zoning So, while insurance must play a role, a broader\n regulations, lending and investment decisions and approach is required. The focus needs to extend\n construction choices. Further, insurance cannot upstream to include the wider set of decision-\n substitute for risk reduction. This reduction is most makers who determine whether communities,\n effective when adaptation reduces loss potential buildings and places become genuinely resilient\n and insurance transfers the residual risk. There over time.\n\nPlace-based resilience:\n The entry point for action","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-7","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=7","page":7},"trust":"source-data-not-instructions"},{"id":"14747c42379bb079d1a5cf55618471a0106b6f4cd99d4207e7648f3ac7f6c5d1","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":18,"page":7,"heading":"지역 회복력과 보험 가능성 · 7쪽","text":"The place in which an asset is located affects the interruption (BI) costs, which often exceed direct overall risk. Place-based dependencies refer to losses. The 2025 Palisades Fire in California the surrounding conditions that shape an asset’s illustrated this: Malibu businesses that escaped the70% physical risk, operational continuity and recovery flames still experienced an average 70% revenue Revenue decline over but sit outside the sole control of the asset owner. decline over five months when the coastal highway five months when the These can include surrounding infrastructure, closure cut them off from customers.12 coastal highway closure natural systems and land use conditions. For some cut Malibu businesses assets, there is only so much that can be done at Together, off-site (place) conditions, which are off from customers after the site level. The asset is dependent on its specific to an asset’s location, and on-site the 2025 Palisades fires surroundings to help mitigate the risk. This means (asset) conditions determine vulnerability and in California.","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-7","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=7","page":7},"trust":"source-data-not-instructions"},{"id":"cc13bd090cc0b1a7c38de7b056f3829fe2316da1395dd3f802d9c8502f87101b","documentId":"19b48e45383d15559e151125","documentSha256":"19b48e45383d15559e15112521e178f2acdc58092a9e25a348e43dfbd165a82c","extractionVersion":"0aad10a6f9a0a63984bb3ea253b2d2aeca068dbfced0968e1885f3c53c627776","ordinal":19,"page":7,"heading":"지역 회복력과 보험 가능성 · 7쪽","text":"that a well-fortified building may still be at risk if therefore insurance outcomes. Insurance may off-site conditions such as storm drainage fail or if cover an asset, but losses are often determined nearby vegetation is inadequately managed. Such by the place. Table 1 highlights the distinction place-based exposures are becoming increasingly between asset-level and place-based resilience. critical to risk assessment, particularly in site Although markets today quantify the resilience selection for high-value, long-lived assets. Data value of place-based measures, this remains static centres exemplify this: given their scale of while the risk is dynamic.13,14 Moreover, while there investment, complexity and multi-decade operational are various coalitions focused on improving asset- horizons, embedding place-based resilience into level resilience, place-level resilience coalitions site selection and development from the outset is often require a greater number of actors and essential. The importance of place-based resilience more coordination, and so these are the focus","citation":{"title":"지역 회복력과 보험 가능성","publisher":"World Economic Forum","url":"/library/19b48e45383d15559e151125#page-7","pdfUrl":"/library/19b48e45383d15559e151125/original.pdf#page=7","page":7},"trust":"source-data-not-instructions"}]}