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Bad weather: the price of insurance increasing by 6% on average in 2024
In 2023, insurers spent 6.5 billion to partially reimburse the damage linked to climate disasters, compared to 3.5 billion per year in the 2010s. Consequently, they increased their prices.
(France 2)
In 2023, insurance companies spent 6.5 billion to partially reimburse the damage linked to climate disasters, compared to 3.5 billion per year in the 2010s. Consequently, they increased their prices.
The floods in the Nord and Pas-de-Calais, the Ciaran and Domingos storms, or even the earthquake which shook the west of France in June 2023. Extreme natural events were frequent and intense last year, amounting to 6.5 billion euros for insurers. Will the worsening of climate risks have an impact on the amount of contributions? In Pas-de-Calais, Dominique Mahieu’s house was flooded three times in the space of two months. Insurance will take care of it.”in total, 150,000 euros” Works.
Increase of +6% on average in 2024
Faced with the multiplication of claims, they are however increasing their prices: + 6% on average this year, compared to 2023. The increase could at best slow down, if climatic events were better anticipated. “The more prevention measures we take, the more effective this prevention is and the more we will be able to control the increase in victims and damages, and there will be less impact on prices.explains Florence Lustman, president of France Assureurs.
According to consumer associations, the increase in prices also serves to cover the operating costs of insurance.
Among Our sources
France Insurers
Evolution of insurance prices, L’Humanité
Non-exhaustive list.
