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The Economic Times

National / The Economic Times

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Europe's heatwaves expose insurance gap as business losses mount

European businesses face significant losses from extreme heatwaves. Traditional insurance often fails to cover these indirect operational disruptions. Many companies report substantial turnover declines during prolonged hot weather. Parametric insurance offers a potential solution for automatic payouts. Businesses must also adapt operations to withstand increasing heat impacts.

16 Aug 2026 10:41 am