Sharing of loss data
Research has shown that loss data on asset level from insurance companies have high utility value for local municipalities. These data can foster better understanding of the risks linked to nature events and surface-water flooding, in turn facilitating well-informed choices on what areas to prioritize in implementing prevention measures. This study asked; What are the attitudes to sharing loss data in Norwegian insurance companies? 15 informants in the insurance business have given their views through qualitative interviews.
The most important outcome has been that the largest insurance companies in Norway, representing more than 90 % of the market, are willing to share loss data with municipalities and governmental agencies working with prevention of risks and climate adaptation.
The insurance companies may deliver data on address level. However, the output (public) data must be aggregated higher than address level: this is a clear condition. This point relates to the insurance company's responsibility for protection of privacy for its customers; finding solutions to such legal questions is up to the public authorities. Log-in and commercial sensitivity are very important for the companies: only chosen entities should be allowed access. Interviewees prefer that responsibility for sharing data is imposed on the companies. The process of company registration of loss data appears adequately digitalized for problem-free transfer of loss data.
Attitudes among leaders in the largest Norwegian insurance companies towards sharing loss data with municipalities/ public stakeholders is given in Klima 2050 Report 11.