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Insurance of climate-related disasters

The Commission is exploring ways to strengthen the capacity of the insurance sector to address the losses from climate-related disasters.

What the EU is doing and why

Climate change could aggravate the climate protection gap, i.e. the losses from climate disasters that are not insured or covered by other means of financial compensation. The Commission is therefore examining how to address the climate protection gap.

Climate Resilience Dialogue

In autumn 2022, the Commission launched the Climate Resilience Dialogue. The intention to set up the Dialogue was announced in the Strategy for Financing the Transition to a Sustainable Economy as well as in the new EU Strategy on Adaptation to Climate Change.

The Dialogue will discuss how insurance and other risk mitigation actions can contribute to climate resilience, from increasing climate risk insurance penetration, to incentives and investment in good adaptation solutions. The Dialogue will work from 2023 through mid-2024 to identify good practices and deliver voluntary commitments. The Dialogue is expected to have up to four plenary meetings with all participants and meet more frequently in thematic sub-groups.

Policy making timeline

  1. 29 November 2022
    Climate resilience dialogue

    Launch of the climate resilience dialogue.

    The dialogue met for the first time on 29 November 2022, bringing together insurers, reinsurers, the corporate sector, consumers, public authorities and other stakeholders to exchange views and good practices around ways to address the losses from climate disasters.

  2. 16 April 2013
    Consultation & discussion paper

    Consultation on the insurance of natural and man-made disasters.

    The Commission ran a consultation to assess whether EU-level action could help improve the disaster insurance market.

    End date: 15 July 2013


    The Commission published a discussion paper accompanying the Commission's communication on an EU strategy on adaptation to climate change.