ECB, EIOPA propose EU nat cat reinsurance solution, with catastrophe bond support
A proposal published by the European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA) calls for a natural catastrophe insurance system that includes pooling private risks, strengthening disaster risk management, and the use of catastrophe bonds to support catastrophe reinsurance availability for Europe. It follows a discussion paper from 2023 that called for […]