Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Środki mające na celu uzupełnienie luk w ochronie przeciwko katastrofom naturalnym

EIOPA-BoS-23/217

05 July 2023

MEASURES TO ADDRESS DEMAND SIDE ASPECTS OF THE NATCAT PROTECTION GAP

EIOPA Staff Paper

Executive Summary

Given the increase in severity and intensity of climate related events, as part of the EU strategy on adaptation to climate change, EIOPA has increased its focus on addressing protection gaps. In fact, there could be important economic and societal loses across Europe. Hence, EIOPA has taken a number of initiatives aimed at ensuring that the insurance sector is resilient enough to withstand climate shocks and that it contributes to making society more resilient to such shocks.

EIOPA has carried out two studies aiming at understanding the demand-side barriers, drivers and possible solutions to the Natural Catastrophe (NatCat) protection gap. It also covered NatCat aspects in its Flash Eurobarometer . In addition to existing initiatives, with this Paper, EIOPA explores the underlying causes of the NatCat insurance protection gap from a demand side perspective...