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Relevance and Feasibility of Mangrove Insurance in Mexico, Florida, and The Bahamas

Report

Mexico, Florida, Bahamas

Publication date: January 1, 2022

File format: PDF

View resource

This report assesses the feasibility of mangrove insurance in Mexico, Florida, and The Bahamas. It examines flood protection benefits, hurricane risks, restoration costs, and stakeholder interest to identify where insurance could support mangrove recovery and help safeguard coastal communities, infrastructure, and economies.

Subject Tags

  • Climate adaptation
  • Mangroves
  • Coastal

Summary

This report explores the relevance and feasibility of developing mangrove insurance programs in Mexico, Florida, and The Bahamas. Mangroves provide critical flood protection, reduce storm surge impacts, support fisheries, store carbon, and help safeguard coastal communities and infrastructure. The study evaluates hurricane related risks to mangrove ecosystems, restoration and repair costs, the economic value of mangrove flood protection benefits, and potential insurance frameworks that could finance post storm recovery. Drawing on stakeholder engagement, scientific modeling, and benefit cost analyses, the report identifies locations where mangrove restoration delivers strong returns on investment and where insurance could serve as an effective risk transfer mechanism. The assessment highlights nine potential pilot locations across the three regions and outlines governance, funding, restoration capacity, and policy design considerations needed to develop future mangrove insurance programs. The findings demonstrate how innovative financing can strengthen coastal resilience and support long term ecosystem protection.

TNC Authors

  • Martha Rogers
    Senior Economist
    The Nature Conservancy
    Email: martha.rogers@tnc.org

  • Eric Roberts
    Climate and Disaster Risk Finance Senior Manager
    The Nature Conservancy
    Email: eric.roberts@tnc.org

  • Fernando Secaira
    Coastal Risk & Resilience Lead. Mexico and North Central America
    The Nature Conservancy
    Email: fsecaira@tnc.org

  • Laura Geselbracht
    Senior Marine Scientist. Florida
    The Nature Conservancy
    Email: lgeselbracht@tnc.org

  • Marcia Musgrove
    Northern Caribbean Program Director. Caribbean
    The Nature Conservancy
    Email: marcia.musgrove@tnc.org

  • Solomon Gibson
    MEL Specialist, Northern Caribbean Program. Caribbean
    The Nature Conservancy
    Email: solomon.gibson@tnc.org

  • Joseph Schmidt
    The Nature Conservancy