Are you interested to know what type of insurance is the most widely spread in Europe?
Or how well people are insured? And what EU citizens think about their insurance protection?
You are in the right place. EIOPA carried out a EU-wide Eurobarometer survey on insurance-related topics.
About this survey:
- Carried out in June 2022
- Target population: EU citizens aged 18 years and more
- Number of interviews: 25 880
While most Europeans own an insurance policy (92%), this is driven by household insurance (63%), a mandatory insurance when contracting a mortgage and by motor insurance (58%) which is mandatory in all countries.
Accident and health insurance is the third most owned product (41%).
What do EU citizens think about their insurance protection?
Natural catastrophes, cyber-attacks, pandemics, economic crisis, or other events with substantial economic and social consequences have been increasingly occurring in past years. Due to their detrimental nature such events cause significant harm to consumers, SMEs, and society as a whole.
The eurobarometer shows that in the event of a natural catastrophe, around half of consumers would either be fully or partially covered. Many consumers (20%) reported being unsure about the coverage in their policies. This figure is twice as high as the one for the other two
events – i.e., loss of employment and urgent medical expense indicating issues in terms of coverage for systemic events.
