New EIOPA research probes reasons behind consumers’ reluctance to taking out natural catastrophe insurance

The European Insurance and Occupational Pensions Authority (EIOPA) published today its revised Staff Paper on demand-side factors contributing to the low uptake of natural catastrophe insurance across Europe. The Paper explores the barriers that keep consumers from buying insurance against natural catastrophes. It also proposes a number of consumer-tested solutions to overcome these challenges and in so doing, bolster European households’ and businesses’ resilience to extreme weather events.