A Large insurance gap is shaping Europe's approach to catastrophe risk sharing

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000cam a22000004  4500</leader>
    <controlfield tag="001">MAP20260011332</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20260420174742.0</controlfield>
    <controlfield tag="008">260416s2026    gbr||||       ||| ||eng d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
      <subfield code="d">MAP</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">328.1</subfield>
    </datafield>
    <datafield tag="110" ind1="2" ind2=" ">
      <subfield code="0">MAPA20230010112</subfield>
      <subfield code="a">Morningstar. Sustainalytics</subfield>
    </datafield>
    <datafield tag="245" ind1="1" ind2="2">
      <subfield code="a">A Large insurance gap is shaping Europe's approach to catastrophe risk sharing</subfield>
    </datafield>
    <datafield tag="260" ind1=" " ind2=" ">
      <subfield code="a">London</subfield>
      <subfield code="b">Morningstar DBRS</subfield>
      <subfield code="c">2026</subfield>
    </datafield>
    <datafield tag="300" ind1=" " ind2=" ">
      <subfield code="a">4 p.</subfield>
    </datafield>
    <datafield tag="505" ind1="0" ind2=" ">
      <subfield code="a">Overview -- EIOPAESM risk-sharing mechanism to address the protection gap -- A complementary European layer to strengthen natural catastrophe resilience -- Related research</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">The document analyses the growing insurance protection gap against natural catastrophes in Europe and the institutional responses being developed to address it. It examines the joint proposal by EIOPA and the European Stability Mechanism to establish a European risk-sharing system based on an insurance pool and a contingent public backstop. From a credit perspective, the potential impact of this framework on the stability of the private insurance sector is assessed. The report highlights its complementarity with existing national schemes and the role of pan-European diversification. It also analyses the implications for insurance capacity, reinsurance and market sustainability in the context of increasing climate-related risks</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20260001562</subfield>
      <subfield code="a">Riesgos catastróficos</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080600204</subfield>
      <subfield code="a">Catástrofes naturales</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080612429</subfield>
      <subfield code="a">Riesgos extraordinarios</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20110021238</subfield>
      <subfield code="a">Estabilidad financiera</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080552367</subfield>
      <subfield code="a">Reaseguro</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080637743</subfield>
      <subfield code="a">Europa</subfield>
    </datafield>
    <datafield tag="710" ind1="2" ind2=" ">
      <subfield code="0">MAPA20260007144</subfield>
      <subfield code="a">Morningstar DBRS</subfield>
    </datafield>
    <datafield tag="856" ind1=" " ind2=" ">
      <subfield code="u">https://dbrs.morningstar.com/research/478610</subfield>
    </datafield>
  </record>
</collection>