June Central Europe SCS & flooding drive hundreds of millions in insured losses

17.06.2024 516 views

The recent severe convective storms and flooding that have affected multiple countries in Central Europe since June 6 are expected to result in economic and insured losses amounting to hundreds of millions of EUR, according to Aon’s weekly catastrophe report.

Aon highlighted a multi-hazard event occurring from June 7-9 in eastern Austria, where heavy rainfall triggered flash flooding, causing widespread damage.

In Deutschfeistritz, Styria, 100 mm of rain fell within a few hours, leading to a flash flooding event described as a 1-in-300-year occurrence. This event swept cars away and inundated dozens of homes. On June 8, various parts of Burgenland also experienced localised flash flooding.

The situation prompted a state of emergency in Styria’s Hartberg-Fürstenfeld County. From June 8-9, Styrian fire services responded over 980 times, with around 130 operations in Graz alone.

The region also experienced multiple hailstorms, including incidents of 6-cm (2.4-in) hail between Deutschlandsberg in Styria and Maribor in Slovenia on June 7, and again on June 9 between Vienna and Wiener Neustadt, as well as around Hartberg and Oberwart. During one of these storms, an aircraft en route to Vienna sustained damage from large hail shortly before landing.

Additional hail and wind-related damages were reported across several other countries. On June 9, a tornado in Narda, Hungary, damaged several houses. Eastern Slovenia, particularly around Maribor, also saw significant hail-related damages. Hailstorms affected parts of western and southern Slovakia as well.

The Balkan region also felt the impact, with damaging wind gusts and large hail up to 5 cm (2 in) in diameter reported in Romania. Severe thunderstorms accompanied by intense winds and hailstones as large as 7 cm (2.8 in) in diameter caused motor and crop damage in parts of Bulgaria.

Southern Germany, still recovering from recent floods, also experienced hail-related damages on June 8-9.

Aon concludes, “Aggregated economic and insured losses from the thunderstorm activity across multiple European countries are estimated to reach into the hundreds of millions of EUR. A particularly costly episode occurred in Eastern Austria on June 8-9, with hailstorms in Germany, Slovenia, Switzerland and elsewhere incurring additional losses.”

Source - https://www.reinsurancene.ws

03.03.2026

Bangladesh - Incomplete dam work sparks fear of crop loss in Sunamganj haor areas

Farmers in the haor areas of Sunamganj are gripped by anxiety as unfinished crop protection dams threaten to submerge their Boro fields amid fears of an early influx of water originating from the upstream Indian mountainous regions.

03.03.2026

Vietnam - Aid for agricultural insurance premiums proposed to rise

Although agricultural insurance policies have been piloted since 2011, the sector remains new and high risk, creating multiple challenges in implementation.

03.03.2026

Ukraine - State compensates farmers up to 60% of crop insurance cost

The Ministry of Economy of Ukraine is launching a large-scale program to support agricultural producers. 

03.03.2026

Morocco - Flood-hit villages near Ksar el-Kebir await aid as damage assessments continue

Rural communes near the city of Ksar el-Kebir, recently declared disaster zones by the government, are seeing an intensified effort by agricultural officials to assess crop losses caused by flooding and torrential rains.

03.03.2026

Philippines - P7-M climate, disaster insurance shield rolls out for Iloilo agrarian reform beneficiaries

Thousands of agrarian reform beneficiaries (ARBs) in Iloilo are set to receive P7 million worth of fully subsidized crop and asset insurance as the Philippine Crop Insurance Corporation (PCIC) in Western Visayas and the Department of Agrarian Reform (DAR)-6 formalized a partnership aimed at fortifying farmers against climate shocks, natural disasters, and market uncertainties.

03.03.2026

Pakistan - ADB delegation visits SECP to discuss insurance reforms

A delegation from the Asian Development Bank (ADB), led by Country Director Ms. Emma Fan and including Mr. Salman Mian and Dr. Raja M. Ali Saleem, visited the SECP Head Office. 

02.03.2026

Moldova’s agriculture grew by about 14% in 2025, against the backdrop of the advancement of plant production

Last year, the agricultural production in Moldova recorded an increase of approximately 14%. 

02.03.2026

Nigeria - FG Urged to Expand NAIC Insurance Coverage for Smallholder Farmers

The Minister of State for Agriculture and Food Security, Sen. Dr. Aliyu Sabi Abdullahi, has urged the Federal Government to expand insurance coverage to more smallholder farmers across Nigeria.