Insurance Europe has welcomed the publication of the Climate Resilience Dialogue Interim report. The release of the report represents a key milestone of this important European Commission initiative, which brings together a range of stakeholders committed to finding concrete solutions in tackling climate protection gaps.
Many people, businesses and even entire infrastructures remain largely unprotected against climate change related risks. At the pace at which climate change is progressing, heatwaves, droughts, as well as other types of big climate-related events, such as floods and storms, will become more frequent and even more intense. Therefore, besides efforts to tackle the causes of climate change, there is also a very strong need to focus on increasing resilience and adaptation.
This interim report is a small first step on the road to boosting resilience. Nevertheless, it is important as it paves the way for those involved in the Dialogue to focus on pinpointing key drivers of protection gaps and, subsequently, on identifying real solutions. As co-rapporteur, Insurance Europe is committed to working collaboratively with all other stakeholders involved and to steer the work in a direction that can really contribute to increasing climate resilience.
The Climate Resilience Dialogue, led by the European Commission’s DG CLIMA and DG FISMA, was launched in November 2022 and brings together the insurance and reinsurance industry, consumers, businesses and institutions from across Europe to find workable solutions to overcome the climate protection gap. The final report is expected to be published in the summer of 2024.