More than 40,000 cars are burned each year in France, a country now the most exposed in the world to the risk of riots for insurance companies.
SCOR CEO Thierry Léger identifies three major risks: climate change, digitalization, and polarization, with increasing impacts on the reinsurance sector. […] He advocates for better prevention of climate hazards and a strengthened partnership with public authorities to ensure that riot risk remains insurable in France. […]
Currently, the only almost absolute exclusion from insurance coverage is war. Riots, on the other hand, are widely covered worldwide. France is a unique case in this regard. It is the leading country in the world in terms of exposure, due to the frequency and claims experience for insurers. […] However, we have seen in recent years, and not only in France, that we have accepted to see material goods as simple collateral damage, and that we do little to protect them. Yet it is these goods that we, insurers and reinsurers, are called upon to cover. […] More than 40,000 cars are burned each year. I think the situation changed during the "yellow vest" protests, followed by incidents in the overseas territories. We know that today hundreds of municipalities have difficulty covering themselves against riots. […]
Fdesouche
