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EIOPA/ECB: European system for natural catastrophe risk management

18 Dec 2024 (UPDATED: 13 Mar 2026) International 1 min read

EIOPA and ECB have published a joint paper in which they propose a potential European system for natural catastrophe risk management. The paper analyses 12 existing national natural catastrophe insurance schemes and assesses how they employ private and public funds to address the protection gap. Building on existing national and EU structures, the paper sets out a possible EU-level solution composed of two pillars, based on a multi-layered approach – an EU public-private reinsurance scheme, and an EU fund for public disaster financing.


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