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Climate insurance protection gaps​

Day 2 Afternoon

Thursday 26 March

Location :

ROOM 2

Speakers

Public Authorities
Ugo Bassi Bassi
Director, Banking, Insurance and Financial Crime - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Philippe Guyonnet-Dupérat Guyonnet-Dupérat
Deputy Director of Insurance, Social and Solidarité Economy - Ministry of the Economy, Finance and Industrial and Digital Sovereignty, France
Petra Hielkema Hielkema
Chairperson - European Insurance and Occupational Pensions Authority (EIOPA)
Michael J. McGrath McGrath
Assistant Secretary, Financial Services Division - Department of Finance, Ireland
Industry Representatives
Francesca Monti Monti
Group Head of Climate Hub - Generali
Cosimo Pacciani Pacciani
Group Head of Research Bancoposta SGR - BancoPosta - Poste Italiane
Matthias Trüestedt Trüestedt
Group Head of Global P&C - Allianz SE

Session overview

Objectives

The central policy challenge is no longer whether climate insurance protection gaps exist, but how Europe manages the growing boundary between insurable, hard-to-insure and uninsurable risks, and how responsibilities should be shared between markets, Member States and the EU. The debate on insurance protection gaps therefore sits at the heart of the EU’s broader reflection on climate resilience, fiscal sustainability and financial stability.

This roundtable aims to contribute to this reflection by examining how insurance solutions can evolve in line with the EU’s emerging climate resilience framework, how they interact with sectoral risk-mitigation policies and sustainable finance tools, and where coordinated EU action may be needed to complement national approaches and market solutions.

Points of discussion

  1. What role, limits and expectations for the insurance sector within the EU climate resilience framework?
  2. Insurability, public intervention and EU coordination: what are the main stress points to address?