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In May 2021, they European Commission published a staff working document “Closing the climate protection gap - Scoping policy and data gaps”. In this document, macro-economic, micro-economic and data aspects are analysed to conclude that the climate protection gap is already large and may grow over time unless public authorities, the insurance sector and other stakeholders take steps to reduce it. Collecting data on total economic and insured losses in a comparable way across countries is one of the basic activities needed. There are clear links to the EU’s renewed sustainable finance strategy and EIOPA’s natural catastrophe dashboard (see Future work).

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