In 2022, extreme weather across Europe once again made headlines: Vast wildfire damage. The worst drought in 500 years. The hottest summer ever recorded.
Europe is warming faster than the rest of the world, with severe economic consequences.
Our annual report highlights the specific toll on the insurance industry, which faced a record number of claims and higher repair costs amid rising inflation—all coming as the continent was just emerging from the COVID-19 pandemic and grappling with an energy crisis and the war in Ukraine.