In forty years, the natural disaster coverage scheme has compensated nearly 3.3 million claims representing 44 billion euros. roberjzm – stock.adobe.com
ANALYSIS – Faced with the proliferation of hazards, the premium levied on insurance contracts could be reassessed.
Global warming is a long-term threat to the financial balance of the natural catastrophe cover scheme (CatNat). And measures, such as an increase in the insurance premium used to finance it, must be considered to keep it afloat.
These are, in essence, the conclusions of the report submitted by the CCR, the public reinsurer in charge of managing the CatNat scheme, to the Minister of the Economy, Bruno Le Maire. Set up in 1982, this public-private system covers major uninsurable events (storms, floods, extreme drought, etc.).
Faced with this unsustainable situation, we need to adjust the prevention, compensation and pricing policies for natural risks.
Bertrand Labilloy, director general of CCR
Its financing is based on solidarity: 12% of the basic home insurance premium goes into its coffers, which amounts to an average of 22 euros for individuals. And 6% of car insurance premiums. “Forty years after its creation, the objective targeted by the legislator has been achieved, offering coverage to as many people as possible at a sustainable price”, welcome the authors of the report. In forty…
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