Insurance Europe welcomes yesterday’s EC Communication on the Post-2015 Hyogo Framework for Action: Managing Risks to achieve Resilience, which lays the ground for a common position on how the EU should contribute to reducing the impact of natural and man-made disasters.
Insurance Europe supports the EC’s aim to make disaster risk-reduction a key priority for national authorities and the private sector alike. Building greater resilience in high-risk areas, such as urban and coastal areas, is vital for the protection of vulnerable persons, while prevention infrastructure projects contribute significantly to countries’ economic growth and can moreover increase the insurability of disaster risks. Additionally, better governance and transparency in the collection and sharing of globally comparable data, is essential for insurers to model disaster risks.
In line with the Communication, Insurance Europe will continue to support the EC in its efforts to explore ways to effectively use insurance as an incentive for risk-awareness, prevention and mitigation, as well as to offer input into the multi-hazard national risk assessments to be produced by member states by the end of 2015.