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Dgv: Elementary Re Bundles High Risk Buildings and Keeps Protection Affordable
Summary by Handelszeitung
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Particularly serious insurance risks are to be pooled in a new company called Elementar Re.
The insurance industry has added a new building block to its proposal for a greater spread of elementary damage insurance. Particularly serious insurance risks are to be bundled in a new company called Elementar Re, the premiums will be capped by the Insurerverband GDV. All building customers will contribute to the financing by surcharge. Criticism comes from climate activists. The floods in the Ahrtal 2021 have fueled demands for a mandatory in…
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