Greece boasts one of the highest rate of home ownership in the European Union; however, the share of insured homes does not exceed 16%, therefore a state drive to increase home insurance is essential in the face of climate change, says Alexandros Sarrigeorgiou, the head of the association of insurance companies of Greece (EAEE), in an interview with Kathimerini.
He recommends the issue of tax incentives as a first measure in the cooperation between the state with insurers, toward a national insurance system that would see all Greek homes insured against risks such as earthquake, fire and flooding and all the challenges that come with the climate crisis.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.