Professor Paula Jarzabkowski along with Dr. Eugenia Cacciatori, Professor Rebecca Bednarek and Dr. Konstantinos Chalkias publish a new paper: From Steering to Rowing: Public Sector Solutions for the Grand Challenge of Climate Adaptation. Academy of Management Discoveries.
Switzerland has cracked a problem that stumps most of the world. As climate change drives more floods, storms, and disasters, disaster insurance is becoming unaffordable or simply unavailable in many places. Most countries rely on messy public-private partnerships to address this. Switzerland’s 19 cantonal public insurers do things differently — they are government-owned monopolies that provide cheap, compulsory, comprehensive disaster insurance to every property owner. Even more importantly, they actively integrate climate adaptation measures into their operations — all without government subsidies. The paper identifies the mechanisms that make this unusual system work.
