Centro de Documentacion de Fundación MAPFRE - German insurers well-positioned to respond to natural catastrophes in 2021

Publication: New York : A.M. Best Company , 2021Physical description: 4 p.Series: (Best's special report ; July 21, 2021)Notes: Sumario: AM Best believes these latest events, as well as losses earlier in the year, will reignite debate in Germany about the creation of a state-backed natural catastrophe scheme versus making elemental insurance cover compulsory. Unlike many other European countries, Germany has no such scheme in place and flood risk is excluded from standard industrial, commercial and homeowner policies. While flood cover may be added as an extension (bundled with earthquake, subsidence, landslide, snow pressure and avalanche cover), insurers can be reluctant to accept risks, mainly due to a lack of widespread reinsurance cover.Materia / lugar / evento: Empresas de seguros Solvencia Crisis Seguro de riesgos extraordinarios Inundaciones Tormentas Catástrofes naturales Alemania Otros autores: A.M. Best Company
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