The European Insurance and Occupational Pensions Authority (EIOPA) unveiled the Catastrophe Data Hub at its Sustainable Finance Conference 2023, marking a significant move to address the rising threat of climate-related catastrophes.
This open-source hub provides European-wide data on insured losses for specific events, aiding supervisors in risk assessment and insurers in accessing comprehensive market views. The initiative aligns with EIOPA’s role as a center of excellence for catastrophe modeling, aiming to enhance sustainability risk assessment and address the insurance protection gap. Learn more.