European Commission launches Climate Insurance Alliance

With only around 25 % of catastrophe losses in Europe covered by private insurance, the European Commission has set up the Climate Insurance Alliance to stop national budgets from serving as the default insurer of last resort. The initiative follows a summer of record-breaking climate disasters across the continent. Wildfires raged from Ireland to Greece […] The post European Commission launches Climate Insurance Alliance appeared first on ReinsuranceNe.ws.

Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.

Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.