EU's Insurance Watchdog Warns of Risks Tied to Extreme Heat
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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 [...]
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…
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