On 16 April 2013, the European Commission published a Green Paper on the insurance of natural and man-made disasters. The paper aims to assess whether EU action is necessary or appropriate in order to improve the European market for this type of insurance. The paper notes that disasters can result in significant financial burdens when losses are not sufficiently insured, and explores the losses attributable to past European disasters (including flooding during 2012 which affected Ireland). It also considers the contribution of insurance to the contingency plan of a Member State in a disaster scenario, noting that there is low market penetration for disaster insurance in certain Member States. Finally, it queries whether there is a need for European measures to help create solutions for financial protection against disasters. Comments are invited by 30 June 2013.