Earthquake in Italy is insurable

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Earthquakes in Italy: Swiss Re's comprehensive response to natural disasters

Italy is a country with a high risk of natural disasters. Over the last 2,000 years, more than 400 destructive earthquakes have been documented in Italy. In more recent history, the L’Aquila quake of 2009 killed more than 300 people and damaged some 10,000 buildings in L’Aquila and the Abruzzo region. 

In an instant, an earthquake destroys homes, schools, churches, monuments, architectural and artistic heritage. It destroys any shelter, any security, any protection. And in a matter of seconds, apart from the physical damage, it permanently devastates the spirit.

Why is Italy so prone to earthquakes and how can we protect ourselves? How can we anticipate events? We list some of the material, showing that natural disaster insurance allows for a more secure and swift recovery within the affected area. It also guarantees the direct support as well as automatic freeing up of funds, sometimes even within a few hours after a catastrophe, or during the emergency itself.

PUBLICATION Italy new earthquake model: State-of-the-art earthquake risk

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VIDEO A look back on L'Aquila

It's 12 years since Italy faced L'Aquila. Check out the video, which we prepared to mark the ten years after the disaster stroke, and learn more on how we can help you to be protected against the financial consequences of natural disaster events.

Click to watch A look back on L'Aquila

ARTICLE How to protect the heritage of Italian churches

With some 25'600 parishes across the country, about 70% are insured only against fire and a select few have nat cat events coverage. Conferenza Episcopale Italiana (CEI), known as Italian Bishops Conference, decided to set up their own national scheme to protect churches in case of such events. With Swiss Re as a partner.

Read more How to protect the heritage of Italian churches

ARTICLE Earthquake 'shake vouchers'

'Shake vouchers' provide quick cash after an earthquake for policy holders to cover incidental losses and expenses. The policy complements property damage insurance by paying out a predetermined cash amount.

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VIDEO 150 billion have been spent on reconstruction in the last 50 years

Italy is a country of natural disasters and is also among the least insured ones. Ten years after the earthquake in L'Aquila, it's time to sum it up. How much money has come out of the state budget and therefore from taxpayers' pockets? And how would the insurance intervention work instead? Find out here.

Watch video 150 billion have been spent on reconstruction in the last 50 years

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