EU and UK cat damages left by climate change could double by 2050: Eiopa
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EU and UK cat damages left by climate change could double by 2050: Eiopa

Alex Frampton
06 July 2021
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Climate-related EU and UK cat damages could almost double to more than EUR45bn ($53.3bn) by 2050 if temperatures rise by 1.5°C, according to the European Insurance and Occupational Pensions Authority (Eiopa).

The organisation’s June 2021 Financial Stability Report said annual damage costs could rise from the 1981-2010 baseline of EUR22.8bn,

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