BERLIN, Dec. 30 (Xinhua) -- Insured losses from natural hazards in Germany are estimated to total 2.6 billion euros (about 3.06 billion U.S. dollars) in 2025, the German Insurance Association (GDV) said on Tuesday.
The total is roughly 3 billion euros lower than in 2024. However, GDV Chief Executive Officer Joerg Asmussen cautioned that the decline is "partly a matter of luck," warning long-term threats from extreme weather events linked to climate change are expected to intensify.
"Given the increasing risks, it is urgent to expand comprehensive disaster prevention," Asmussen said in a press release.
Losses were distributed across multiple insurance lines. In property insurance, which covers damage to buildings and household contents, insured losses from storms, hail, and lightning totaled approximately 1.4 billion euros.
An additional 500 million euros in insured damage resulted from natural hazards such as flooding and heavy rainfall, the association said.
Motor insurance losses caused by storms and flooding were estimated at approximately 700 million euros.
German news agency dap said that Germany has not experienced widespread severe weather this year comparable to 2024, when major flooding hit parts of the country. (1 euro = 1.18 U.S. dollar) ■
