Portugal

Kristin Storm “bringing new urgency” to the establishment of a disaster fund

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/11/2026, 15:41:24 UTC.

Briefings

At the 7th annual ECOseguros conference, Portuguese insurance leaders debated the creation of a Natural and Seismic Disaster Fund following the impact of Tempestade Kristin. Key figures included José Galamba de Oliveira (APS President), Rogério Campos Henriques (Fidelidade CEO), and Pedro Carvalho (Generali Tranquilidade CEO). They argued for mandatory multi-risk insurance coverage to reduce premium costs and ensure faster recovery, while acknowledging public aid limitations. The discussion focused on climate adaptation, property coverage expansion, and resilient reconstruction strategies.

Key points

• The 7th annual ECOseguros conference featured a dedicated panel on climate change challenges attended by José Galamba de Oliveira (APS President), Rogério Campos Henriques (Fidelidade CEO), and Pedro Carvalho (Generali Tranquilidade CEO).
• The panel discussed the creation of a Natural and Seismic Disaster Fund and the potential mandatory requirement for multi-risk insurance coverage to address increased climate-related risks.

Context

The ECOseguros conference is a major European insurance industry event where leaders from major insurers and associations gather to discuss industry challenges. This specific session focused on climate change impacts, with the recent Tempestade Kristin event prompting urgent discussions about disaster fund mechanisms and insurance reforms in Portugal.

Limitations

The evidence covers only the 7th annual ECOseguros conference held in 2026. It does not include prior history of the disaster fund, specific financial figures beyond the €1 billion in losses mentioned, or future policy outcomes beyond the immediate sector response. The evidence is limited to the panel discussion and does not provide complete details on the fund's operational history or specific implementation timelines.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 08/11/2026, 17:20:41 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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