Insurers to take small percentage of billion-euro Italian flooding: Aon
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Insurers to take small percentage of billion-euro Italian flooding: Aon

Samuel Casey
22 May 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
flooded road generic.png

Economic costs from recent flooding in Italy and Central Europe are expected to reach into the billions of euros, but a significant protection gap for flood coverage means insurance losses are likely to be a smaller percentage of the total costs, according to Aon.

The broker said that damage assessment from the flooding between 14-17 May was ongoing, but the extensive level of flooding indicated that economic losses will be in the billions of euros.

Torrential

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsMajor lossesAon
sam casey 2024 ii red 2.png
Samuel Casey
Senior Reporter
Contact
Gift this article