The EU has a climate insurance gap. Only about a quarter of losses from climate-related disasters are insured. Greater coverage could reduce the resulting economic damage.
A joint #TheECBblog post with @eiopa_europa_eu looks at how to go about this https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230424~4cdc3a38ba.en.html