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.
Finansinspektionen2025-02-18
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.