2023-09-12 15:04:39
By Danièle Guinot
Published 10 hours ago, Updated 29 minutes ago
A house seriously cracked after several episodes of drought in Leforest (Pas-de-Calais) in 2020. Alexis Christiaen (Pib)/PHOTOPQR/VOIX DU NORD/MAXPPP
Will it be possible to continue to insure goods and people in a world affected by climate change and the increase in natural disasters? The subject is at the heart of the concerns of reinsurers. Meeting for four days in Monaco, the insurers’ insurers (Scor, Axa XL, Swiss Re, etc.) negotiate with their clients the price of contracts for 2024.
The problem of insurability is already a topical issue in France where local authorities are now struggling to obtain insurance. “This is linked to the post-Covid financial crisis and the increase in climatic events such as hail episodes or river overflows”assures Ivan Bourasseau, director of the department in charge of communities within the broker Verspieren.
The cost of claims
In fact, climatic hazards are increasingly costly for insurers. During the first six months of the year, the global bill amounted to 50 billion dollars, compared to 48 billion in 2022, underlines the reinsurer…
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#Drought #floods #storms #insure