66 - ECB proposes EU climate insurance scheme

Insuring the future

Author

The Climate Mentor
December 21st, 2024 • Estimated Reading Time: 5 minutes

Curtain falls ♻️

What happens when climate disasters strike, and insurance can’t keep up?

Across Europe, floods, heatwaves, and storms are intensifying, yet only a quarter of natural catastrophe losses are insured.

Designed as a public-private partnership, this initiative aims to close the widening protection gap, safeguarding economies and citizens alike.

Is this the financial shield Europe needs to weather the climate crisis?

A global map showing data on the increase in natural disasters worldwide, with indicators for rising occurrences of floods, storms, droughts, and wildfires. The map highlights regions most affected by climate change-related disasters, accompanied by statistics and trends illustrating the growing frequency and severity of these events.

Data on Natural Disaster rise around the Globe

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