The future of flooding insurances : A qualitative review of how insurances regarding flood damage might change in the future of the insurance industry in Sweden

Sammanfattning: Insurance companies are grappling with the rising frequency and severity of extreme weather-related flooding events, which currently pose the highest financial burden both in total and per individual case. The existing insurance model isn't economically sustainable if such events continue to increase. To assess future needs and challenges in flooding insurances, research on changing weather patterns and interviews with employees at major firms were conducted. The research indicates that climate change has and will further worsen extreme rain events in Sweden, leading to more frequent and intense flooding events. Interviews revealed that firms are aware of impending changes in the insurance industry due to climate change but lack proactive measures to address them. Responsibility is fragmented, and communication between stakeholders is suboptimal. To address these challenges, I look at recent research regarding flood risk assessment and if these are applicable for the insurance industry in Sweden to ensure future profitability.