Better risk data vital if insurers to boost disaster coverage

The European Union (EU) must make it easier for insurers to access and compare data on natural disasters, if the bloc is to increase the transfer of natural catastrophe risk to the insurance sector, market participants say.

The calls follow the publication last month of a European Commission green paper on the insurance of natural and man-made disasters. The commission is seeking to increase insurance coverage of catastrophes, after it was found that the number of disasters in Europe have