Climate change and insurance: How risks change in Austria!

Climate change and insurance: How risks change in Austria!

Hohen Markt, 1010 Wien, Österreich - The effects of climate change are no longer to be ignored and also affect the insurance industry in Austria. In a current economic talk, led by Werner Panhauser from Helvetia Austria and meteorologist Andreas Jäger, the challenges that arise from increasing weather extreme are illuminated. The conversation took place in Vienna and made it clear that insurance companies have to pay more and more for natural disasters such as floods and heat waves. Jäger emphasizes that the weather in Europe has become more intensive, with extreme weather events that now occur every two decades instead of every hundred years. This rapid change forces insurers to adapt their models and in particular to keep an eye on the area of ​​natural hazards, as

insurance models in the crisis

Another topic that shapes the discussion is sustainability in the company. In an interview with IVVA, Panhauser explains that the Helvetia had to do not only economic but also ecological challenges last year. The production of numerous paper documents causes considerable environmental pollution, which should lead to the introduction of digital solutions. The first steps have already been taken towards paper reduction, but it is important to make greater progress in order to improve the environmental balance. The Helvetia has already launched initiatives for afforestation to make a contribution to compensation, as on ivva.at