Forces of nature cause 72 million euros in damage in Saxony-Anhalt!

Forces of nature cause 72 million euros in damage in Saxony-Anhalt!

The year 2024 left a clear mark on Saxony-Anhalt, as natural hazards such as storms, hail and floods caused millions in damages. According to a recent report by star The insured damage amounts to 72 million euros. In comparison, it was 118 million euros in 2023. These figures illustrate how strongly natural events influence the financial burden in the insurance sector.

In property insurance, damages of 60 million euros were identified, of which 15 million euros were due to natural damage caused by heavy rain or floods. The majority, 45 million euros, relates to storm and hail damage. In addition, motor vehicle insurers paid 12 million euros for damage to vehicles caused by natural events.

Germany-wide damage balance

At the national level, natural hazards significantly impact the financial system. In total, they caused damage totaling 5.7 billion euros across Germany last year. The federal states of Bavaria and Baden-Württemberg were particularly affected, where more than half of the damage was due to severe flooding. These amounts are at a rather high level in long-term comparison. However, it should be noted that the actual damage is probably even higher as not all claims are insured.

Jörg Asmussen, General Manager of the GDV, emphasizes the importance of adapting to the consequences of climate change and a comprehensive natural hazard concept. This is supported by the latest statistics from GDV, available at gdv.de were published.

Data and analysis on natural hazards

The GDV provides comprehensive figures and facts on damage caused by natural hazards in its data service. This data goes beyond the insurance balance sheet and includes graphics and tables on various loss areas such as buildings, household contents, motor vehicles, commercial, industrial and agricultural. This data is also available in long time series, which provides insights into the development of losses from property and motor vehicle insurers.

In addition, maps of the loss frequency and distribution of major events in property and motor vehicle insurance are available at federal state level. These evaluations include the causes of damage and provide an overview of the risk zones. It becomes clear that every region in Germany is affected by natural hazards and that preventative measures to reduce risks are essential.