Wildfires and evacuations on the Greek island of Rhodes, and a heat wave blasting much of southern Europe, have raised questions for tourists about their travel insurance coverage.
Ergo said such events have been taking place for decades, and that it was "continuously" assessing the risks.
Though price increase for policies can be expected, "the COVID-19 pandemic posed a much more severe and widespread risk for travel insurance – and suppliers did not cut back on capacity," said Robert Mazzuoli, director in the insurance team at Fitch. He added that the affected region in Greece is a small part of the overall market.
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