Compulsory Insurance À La Aktuarvereinigung (Actuarial Association)

The insurance obligation against elementary damage is to come, but many questions are still open. The German Actuarial Association warns against treating climate risks with such a duty as a curtailed one. An overall concept of risk-appropriate premium calculation, prevention and cumulation protection, for example in the form of a state reinsurance, is needed. Many questions are still open. Looking at a building destroyed by floods at the Wieslau…