ORIGINAL PUBLICATION HERE
The protection gap is a topic that’s usually less associated with European markets than it is with other countries. But 2019 is the 10th anniversary of the earthquake that devastated the town of L’Aquila in 2009 when over 300 people were killed. A similar number died in 2016 when the town of Amatrice was destroyed by earthquake; another event across the Emilia Romagna region in 2012 killed 20 and displaced thousands.
Most of the economic losses caused by earthquakes are uninsured and Claudia Cordioli, head of south and west Europe at Swiss Re, says more needs to be done to extend earthquake insurance protection in Italy.