Flood Risk Management and Adaptation Under Sea Level Rise Uncertainty

Authors

Chi Truong, PhD
Han Li, PhD, AIAA
Stefan Trueck, PhD
Matteo Malavasi, PhD

Description

This study presents a comprehensive approach of real option analysis to climate adaptation policies aiming to mitigate flood risk. The framework focuses on pricing catastrophic risk in coastal regions, allowing for economic growth and uncertainty in the mean sea level rise. The framework also provides insights into the optimal investment timing, both for single investment projects and for optimal adaptation pathways, when multiple projects are feasible.

Materials

Flood Risk Management and Adaptation Under Sea Level Rise Uncertainty
GitHub containing R-code and User Manual

Acknowledgments

The researchers wish to extend their gratitude to those without whose efforts this project could not have come to fruition: POG members and SOA members for their diligent work reviewing the report for accuracy and relevance and providing unfailing support to the project.

Project Oversight Group Members:

Matthew Self
Josh Rekula
Remi Villeneuve
Tamara Wilt
Cindy Bruyere
Priya Rohatgi
Sam Gutterman
Bronwyn Claire

At the Society of Actuaries:

Rob Montgomery
Erika Schulty
Dale Hall

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