On September 20, IVASS President Luigi Federico Signorini spoke at the ANIA conference “Disaster Risk Financing: the role of insurance for new public-private partnerships”, where he addressed the issue of managing risks related to climate change.
The President highlighted that in 2023, damages caused by floods, fires, and storms exceeded 13 billion euros, emphasizing the importance of an integrated insurance system that combines public intervention with private insurance to tackle such phenomena.
The outcome of the conference revealed that relying solely on post-event compensatory interventions is insufficient.
Among the proposed solutions, IVASS supports the introduction of a mandatory natural disaster insurance system, already included in the 2024 Budget Law, which aims to reduce Italy’s protection gap.