15. The Association also claims that the potential catastrophic impact of a (large) flood exceeds the financial
strength of particularly smaller individual (fire) insurers. In the Netherlands, the risk of extreme flood damage,
which risks are correlated (cumulative risk) and the consequences for individual parties can hardly be overcome by
prevention measures. This makes insuring the risk, in the opinion of the Association, currently unmanageable.
In the insurance structure that the Federation stands, this catastrophe risk is limited by the basic coverage to
maximize the benefit for each risk and address certain risks to close, which, as mentioned, is also a market for
supplementary coverage is disclosed. The capacity / coverage per year, as mentioned, capped at EUR 5 billion.
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