FERMA has submitted its response to the European Commission’s consultation on the upcoming European Climate Resilience Framework, expected in Q4 2026. The Federation welcomed the Commission’s ambition to create a coordinated and forward-looking approach to climate resilience across the EU, urging the adoption of a more collaborative model spanning governments, insurers, capital markets and businesses.

Across Europe, climate change is driving rising losses and disruption through more frequent heatwaves, droughts, and heavy rainfall. Physical impacts and transition pressures from regulation, carbon pricing, energy costs, and market shifts have become material enterprise risks.

FERMA argues that risk managers are on the frontline, playing a central role in anticipating natural hazards, strengthening resilience, and identifying emerging opportunities. However, it warns that climate-related risks cannot be managed by companies alone. While risk managers are already integrating these risks into enterprise risk management and business continuity planning, true resilience requires coordinated actions at EU, national, and local levels.

Laurent Nihoul, CEO of FERMA, said: “Natural catastrophes are systemic risks that no single actor can absorb alone. As climate-related events grow in frequency and severity, effective public-private partnerships are no longer optional.

“Governments, insurers, capital markets and businesses must work together to pool risk, share data and align incentives for prevention. Innovative tools can stabilise insurance capacity, close protection gaps and, most importantly, reward resilience investments before disasters strike. A collaborative model is the only sustainable way to respond to NatCat risks.”

Among its key recommendations, FERMA highlighted the importance of reliable climate data, welcoming the Commission’s plan for a user-friendly EU climate risk platform that translates EU scenarios into local projections.

It also suggests that climate risk screening and stress testing should become standard in public procurement, infrastructure planning, and EU-funded projects. This would help to enable critical infrastructure, including energy, water, transport, digital systems, and healthcare, to be resilient to future climate conditions.

FERMA reiterated the importance of closing the insurance gap through to the involvement of insurers, risk managers and brokers, highlighting that only about 25% of climate-related losses in Europe are currently insured. It supports a European public-private reinsurance mechanism, as proposed by the European Central Bank and the European Insurance and Occupational Pensions Authority, to pool risks, stabilise capacity, and operate as a last-resort safety net.

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