Climate change costs insurance $4.341 billion in six years

In 2022 the Consortium only took care of 30% of climate damage

The torrential rains, Danas, the storm Filomena and even the eruption of a volcano. In recent years, meteorological phenomena have increased significantly and with them the material and personal damages they cause and that insurers have to assume. In the last six years, insurance has had to face payments worth more than 4,341 million euros for meteorological accidents in multi-risk insurance, according to data collected by Unespa, the sector’s employers, in the Social Insurance Report. Most of them, 62% occurred in households, followed by industry, where they accounted for 28.15%.

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