Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Sprawozdanie z wdrażania środków adaptacyjnych związanych z klimatem w ubezpieczeniach innych niż ubezpieczenia na życie

EIOPA-BoS-22-593

06 February 2023

IMPACT UNDERWRITING

Report on the Implementation of ClimateRelated Adaptation Measures in Non-Life Underwriting Practices

1. EXECUTIVE SUMMARY

1. The expected growth in physical risk exposures and insurance claims due to climate change will increase risk-based premium levels over time, potentially impairing the mid- to long-term affordability and availability of insurance products with coverage against climate-related hazards. Climate-related adaptation measures, for example water-resistant walls or doors in case of flood risks, reduce the policyholder’s physical risk exposures and insured losses, and can be a key tool to maintain the future supply of non-life insurance products covering climaterelated hazards. Adaptation measures can therefore help to reduce the climate-related insurance protection gap in Europe.

2. EIOPA has conducted a pilot exercise on the implementation of climate-related adaptation measures in non-life insurance products with 31...