Europe’s heatwaves threaten insurers’ earnings, rating agency S&P says

Europe's intense heatwaves are causing a surge in claims related to heat-related deaths and worsening health conditions, especially among older people. This could lead to increased costs for insurance companies, which may result in higher premiums for consumers. Insurers and reinsurers, who provide financial protection to insurance companies, may also see their earnings impacted. The overall effect could be a shift in the financial stability of these companies, potentially affecting the broader economy.

Why it matters

Heatwaves are causing more claims for heat-related deaths and illness, which could increase premiums. This may lead to lower earnings for insurers and higher costs for policyholders.

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