Climate Crisis and Insurance Challenges

This chapter examines the unprecedented summer heat in Europe, surpassing 40 degrees Celsius, and its links to escalating wildfires and flooding. It features insights from Munich Re's CFO about the insurance industry's adaptation to increased claims due to climate-induced weather events, while stressing the importance of reasonable pricing in maintaining market stability. The discussion also covers collaborative efforts across Europe to enhance wildfire preparedness and the broader implications of extreme weather on public health and economics.