Extreme climate causes 4.9 billion euros in harm | EUROtoday

Storms, hail and floods require insurance coverage. At 4.9 billion euros, the quantity of injury is on the excessive degree of the long-term common.

EExtreme climate additionally triggered billions of {dollars} in harm in Germany within the 12 months that ended. According to the General Association of the German Insurance Industry (GDV), storms, hail and floods and so forth. triggered harm value 4.9 billion euros in 2023. This corresponds to the long-term common and is 900 million euros greater than final 12 months.

According to GDV, the steadiness sheet within the space of ​​non-life insurance coverage is “slightly below average”. Of the three.6 billion euros in harm, 2.7 billion euros had been attributable to storms and hail and one other 900 million euros by different pure hazards resembling floods attributable to heavy rain.

However, there may be an above-average 12 months of claims within the space of ​​motorized vehicle insurance coverage. Here, the 465,000 claims totaled 1.3 billion euros, which is 200 million euros greater than the long-term common.

Most of the harm occurred in the summertime months. In August alone, extreme storms triggered insured losses amounting to 1.5 billion euros. Germany was spared from main autumn and winter storms.