Developing Insurance Products for Surf Ecosystems and Surf Breaks

Save The Waves is developing a parametric insurance product to insure and protect surf ecosystems and their associated tourism value. Save The Waves is safeguarding surf ecosystems from the impacts of erosion and extreme weather events due to climate change. This is being undertaken through a combination of securing protected area status for surf locations, stewardship and community activism.

Through the second cycle of the Ocean Resilience Innovation Challenge, ORRAA supported Save The Waves to develop the initial concept. With support from the Government of Canada, Save The Waves is now developing a parametric insurance product and a surf ecosystem resilience trust fund in El Salvador to compensate coastal communities for revenue loss caused by the destructive nature of storms.

This project was supported by ORRAA. This project was undertaken with the financial support of the Government of Canada through the federal Department of Environment and Climate Change. Ce projet a été réalisé avec l’appui financier du gouvernement du Canada agissant par l’entremise du ministère fédéral de l’Environnement et du Changement climatique.