The EIOPA warned that climate change is transforming regions of Europe into a challenge for the insurance sector, in a development that integrates climate risks into European prudential supervision. In Portugal, the Report of the Independent Technical Commission on the 2025 fires documented 8,256 rural fires and 271,587 hectares burned, including the Piódão fire as the largest recorded in the country. The report identifies structural weaknesses in fuel management, land preparation and operational response, presenting 20 recommendations to strengthen prevention, coordination and institutional capacity. The article argues that climate risk governance requires an integrated, prospective approach based on the articulation between science, data, experience and expert judgment, transforming prevention into an investment in reducing future losses.
Eco02/09/26, 16:18