Magazine date:
Apr 2024 
Climate risk insurance rates in the EU vary considerably from one country to another.
In some countries, only a quarter of the damage is covered by insurance, while in others the rate can be as low as 5%.
Average climate risk insurance by EU country
| Country | Average coverage rate |
|---|---|
| Denmark | Over 50% |
| Netherlands | Over 50% |
| Norway | Over 50% |
| Germany | 35 - 50% |
| Luxembourg | 35 - 50% |
| Czech Republic | 35 - 50% |
| Slovenia | 35 - 50% |
| Austria | 20 - 35% |
| Belgium | 20 - 35% |
| Spain | 20 - 35% |
| Finland | 20 - 35% |
| France | 20 - 35% |
| Sweden | 20 - 35% |
| Croatia | 5 - 20% |
| Estonia | 5 - 20% |
| Ireland | 5 - 20% |
| Latvia | 5 - 20% |
| Malta | 5 - 20% |
| Poland | 5 - 20% |
| Portugal | 5 - 20% |
| Slovakia | 5 - 20% |
| Bulgaria | -5% |
| Cyprus | -5% |
| Greece | -5% |
| Hungary | -5% |
| Italy | -5% |
| Lithuania | -5% |
| Romania | -5% |
(1) Average for the 1980-2021 period
Source: EIOPA and EEA
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