Relevance of changing weather patterns

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      <subfield code="a">Relevance of changing weather patterns</subfield>
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      <subfield code="a">Trend of weather patterns with more frequent persistent weather conditions and higher convective potential in Central Europe changes the probability and intensity of weather events. Thus also possible change in losses, with higher volatility of claims costs --  Increased frequency of summer events impacts net earnings and volatility of net results -- Changed patterns in weather risk call for adequate risk perception. Better understanding of risks and detection of accumulations are necessary, as well as detailed analysis of sites -- Tailor-made reinsurance protection needed, e.g. for accumulated losses in net retention -- Innovative insurance solutions, e.g. for --  significant economic risks triggered by fluctuating and difficult-to-predict weather conditions --  agricultural insurance through PPP to protect farmers against weather risks</subfield>
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