The government announced on Friday the launch of an expert mission on the role of insurance in the face of the challenges posed by climate change and the damage it causes.
The mission will be responsible for drawing up an inventory and recommendations on the evolution of the French insurance system in the face of the challenges posed by climate change, according to a joint press release from the Ministry of the Economy and Ecological Transition, released on the occasion of a visit by Bruno Le Maire to Guadeloupe and Martinique.
The increase in the intensity and frequency of climatic events in mainland France and in the Overseas Territories is reflected in a significant and lasting increase in the costs of compensation for material, agricultural and operating losses, which could represent 70 billion additional euros over the next three decades, the statement continued.
This mission is entrusted to Thierry Langreney, president of the environmental association Ateliers du futur, Gonri Le Cozannet, engineer and holder of a doctorate in geography and Myriam Mrad, research director at the CNRS and president of the scientific council of the French association for the prevention of natural and technological disasters.
The work will aim to define the means to ensure the sustainability of the French system of compensation for natural disasters, created in 1982, to strengthen the role of the insurance system in the financing of prevention and adaptation to climate change and to analyze how regulation of the sector can help reduce climate change.
Car Insurance : save up to 340 € thanks our online comparator
At the end of March, the federation of insurers had defended an increase in the additional premium dedicated to natural disasters, the average price of which is currently 25 euros per year and per household.
A month earlier, the public reinsurer CCR, responsible for compensating victims of natural disasters, expressed concern in a report about a deficit which could be at least 420 million euros per year by 2050.