EU's Insurance Watchdog Warns of Risks Tied to Extreme Heat

L'AGEFI

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In 2025, heat cost the European economy €43 billion, of which 95% were uninsured. Eiopa's report warns about the increasing exposure of institutions to climate risks, including the liability of balance sheets.

PressHub

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Increasingly frequent heat waves and population ageing could affect in the next decades how risks to health and life insurance and occupational pensions are calculated, warns the European Insurance and Occupational Pensions Authority (EIOPA). The financial impact is currently limited, and the analysis is exploratory, but the authority estimates that [...] Article How much climate change costs and how we secure pensions or life insurance appears …

Herbert Frommes Versicherungsmonitor

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The European insurance supervisory authority Eiopa considers extreme heat to be the greatest climate-related risk for life and health insurers. The financial consequences for companies are still limited. However, this is likely to change. From Eiopa's point of view, health and life insurers should involve heat waves more strongly in their risk assessment© iStock/SonerCdem In Germany alone, 16,000 people died from heat this summer, the [...]

Versicherungswirtschaft-heute

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The European insurance supervisory authority Eiopa warns against the late consequences of heat waves for life and health insurance as well as occupational pensions. So far, balancing factors still keep the financial damages within limits. In the coming decades the liability risks for the industry are likely to increase. The contribution life and health insurers threaten liability risks due to climate change appeared first on insurance industry t…