Consultation on a blueprint for an awareness tool for natural catastrophe risks and prevention measures

All interested parties.

Climate change triggers more intense and frequent natural hazards such as heatwaves, storms, floods, and droughts. This is making current and future homeowners more exposed to climate-related damages, and can lead to higher home insurance premiums over time. Increasing citizens’ awareness about natural hazards and climate risks becomes increasingly relevant for citizens and insurers alike.

In this context, EIOPA is proposing the development of an awareness tool that can be used by all Europeans to better understand the potential impacts of climate change on their properties. 

EIOPA outlines the key information that should be made available in the tool, including:

• The risk score to natural hazards of a property based on its location
• Risk prevention measures available for the most common types of perils
• Measures related to insurance coverage, providing information on the importance of being aware of exclusions, on potential national insurance schemes in place for natural catastrophes, among others.

All responses will be published on EIOPA’s website unless otherwise requested.