Extreme weather events in Europe for 2022 and beyond
The climate change impact on European insurers
In 2022, extreme weather across Europe once again made headlines: Vast wildfire damage. The worst drought in 500 years. The hottest summer ever recorded.
Europe is warming faster than the rest of the world, with severe economic consequences.
Our annual report highlights the specific toll on the insurance industry, which faced a record number of claims and higher repair costs amid rising inflation—all coming as the continent was just emerging from the COVID-19 pandemic and grappling with an energy crisis and the war in Ukraine.
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About the Author(s)
Tarik Aouragh
Christoph Krischanitz
Giuseppe Semeraro
Extreme weather events in Europe for 2022 and beyond
Our annual report highlights the specific toll on the insurance industry, which faced a record number of claims and higher repair costs amid rising inflation.