Protection Gap
Protection Gap – Insurance
The insurability against risks arising from natural catastrophes and the affordability of the corresponding insurance cover will become increasingly significant in relation to climate change. In this context, the funding gap is analysed in a first step, and a separate risk map drawn up regarding the protection gap on climate related risks at European level. The Austrian Financial Market Authority (FMA) therefore not only focusses its attention on increasing insurance penetration. Proactive measures regarding vulnerability, the localisation of properties at risk, as well as optimised insurance coverage are also significant elements for a resilient society.
Protection gap for floods – a European comparison
EIOPA data on the protection gap: Risks and Mitigation in Austria
