The Swedish Financial Supervisory Authority has started an in-depth analysis to assess how climate change and more frequent extreme weather could affect Swedish consumers’ access to insurance cover for their homes. More frequent weather-related events increase the risk of damage to homes and other property, which can raise insurers’ costs. The authority flags a risk that these developments could, over time, limit consumers’ ability to obtain adequate insurance protection, noting that households without home insurance would bear the full financial risk of losses.
Finansinspektionen 2025-02-18
Swedish Financial Supervisory Authority launches in-depth analysis of how extreme weather could affect consumers’ insurance cover
The Swedish Financial Supervisory Authority is conducting an in-depth analysis on the impact of climate change and extreme weather on Swedish consumers' access to home insurance. Increased weather-related events may elevate insurers' costs, potentially limiting consumers' ability to secure adequate insurance coverage. Households without insurance would face the full financial burden of losses.