In the to start with fifty percent of the year, the ASR observed its profits decrease only slightly, despite the tens of hundreds of thousands that the insurance provider missing owing to damage brought on by negative weather. Board Chairman Jos Baeten sees these expenses raise considerably in the upcoming if nothing is done about local weather alter.
The price tag product following the three time intervals at the starting of the 12 months amounted to 38 million euros. As a final result, the insurer’s functioning income decreased a bit in the initially fifty percent of the year to € 513 million. In the very same period of the previous calendar year, the income amounted to 532 million euros.
If it is not probable to counter the rise in temperature, insurance coverage rates for weather destruction could maximize by 20-25% more than the next fifteen to 20 yrs, according to Baeten. This damage features flood harm.
“If we fall short to reverse the negative effects on the weather, non-existence insurance plan rates will skyrocket,” Baeten explained through a comment on the fifty percent-calendar year information. “And then there might come a time when it is no for a longer time within the get to of lots of men and women. It will not be like that in a couple many years, but I consider we’ll expertise it.”
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