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Climate Action

Climate Resilience Dialogue

Information on the Climate Resilience Dialogue, its objectives, participants, meetings and more


Despite the global effort to limit temperature increase to 1.5°C, the devastating effects of climate change are evident. The financial cost of climate change is already high and on the rise, yet only around 30% of climate change-related losses are currently covered by insurance.

Climate Resilience Dialogue - Main objectives

The main objective of the Dialogue is to narrow this Climate Protection Gap – the gulf between how much is lost and how much is insured - and to find ways to stimulate investment in good adaptation.

The primary task of the Climate Resilience Dialogue is to exchange views on how to address the losses incurred from climate-related disasters and to identify how the insurance industry can contribute more to climate adaptation, from actions that increase the penetration of climate risk insurance for industry and all of society, to making the conditions right for more investment in good adaptation solutions.


The Climate Resilience Dialogue is a special group co-chaired by DG CLIMA and DG FISMA, and is one of the actions the Commission has undertaken to reduce the climate protection gap, as announced in the EU Strategy on Adaptation to Climate Change and the Strategy for Financing the Transition to a Sustainable Economy. The objective of the Climate Resilience Dialogue is to create a forum for discussion that will strengthen the collective understanding of insurers, reinsurers, businesses, consumers and other stakeholders about the climate protection gap. Both strategies are part of the European Green Deal, and aim to increase and accelerate the EU’s efforts to protect nature, people and livelihoods against the unavoidable impacts of climate change.

The European Commission has set up the Dialogue, will host its meetings. The Commission will facilitate the discussion to ensure a constructive exchange, striving to maintain a positive spirit of collaboration between all participants. The Climate Resilience Dialogue was set up to develop voluntary commitments on actions that would contribute to reducing the climate protection gap.

Special groups are sui generis bodies that, based on their nature and the tasks which they perform, do not qualify as “Commission expert groups” or “other similar entities” in the understanding of the framework of Commission Decision C(2016)3301.


17 organisations are participating in the Dialogue to represent the full range of different stakeholders and actors (insurers, reinsurers, risk managers, public authorities and regions, and representatives of consumers and the real economy).

Acronym full-name
BIPAR European Federation of Insurance and Financial Intermediaries
InsuranceEurope InsuranceEurope
World Bank World Bank
BEUC Bureau Européen des Consommateurs/The European Consumer Organisation
FERMA Federation of European Risk Management Associations
EIOPA European Insurance and Occupational Pensions Authority
UNEP FI United Nations Environment Programme Finance Initiative
EU-CoM  EU-Covenant of Mayors
UNDRR UN Office for Disaster Risk Reduction
AAE Actuarial Association of Europe
SMEunited SMEunited
UIPI Union Internationale de la Propriété Immobilière/International Union of Property Owners
PEIF Pan European Insurance Forum
EEA European Environment Agency
CRO Forum Chief Risk Officers Forum
RAB Reinsurance Advisory Board
AMICE Association des assureurs mutuels et coopératifs en Europe/ Association of Mutual Insurers and Insurance Cooperatives in Europe


The Group is organised in two sub-groups:

  1. Insurance Underwriting and Solutions 
  2. Adaptation Investment


  • Q4 2022: Pre-Launch and Launch events
  • Throughout 2023: Meetings of the sub-groups and (two) plenary meetings
  • Summer 2023: Publication of mid-term report
  • Throughout 2024: Finalisation of common practices and voluntary commitments. Closing event
  • Q2 2024: Publication of Final Report

Interim Report

On 27 July 2023, the Group released an Interim Report. The mid-term report outlines the work carried out by the Dialogue since its inception in November 2022. It starts with the definition of climate protection gap that the Group agreed to use for the purpose of its work. In this context, the Group reflected on the measurement and modelling of the climate protection gap. The report also indicates the focus areas and gaps for the Dialogue’s future work, the emphasis of which will be on the identification of solutions to specific climate protection gaps in the EU. Finally, the report presents preliminary observations of the Group on some of those focus areas and gaps.



EC-CLIMATE-RESILIENCE-DIALOGUEatec [dot] europa [dot] eu (EC-CLIMATE-RESILIENCE-DIALOGUE[at]ec[dot]europa[dot]eu)