According to European data, Italy, along with Greece, has the greatest Natural Catastrophe Protection Gap, or the difference between the economic value exposed to natural calamities and the amount actually covered by insurance. The European Insurance and Pensions Authority (EIOPA) developed the index, which analyzes a country's potential susceptibility for its whole pool of exposed wealth, including not only enterprises but also houses and public assets. The protection gap is defined in three dimensions: the hazard of the event, the economic value of assets in at-risk areas, and their insurance coverage. Each country is allocated a risk score for five categories: earthquakes, river and pluvial floods, coastal floods, forest fires, and storms. For the combination of insufficient coverage and high risk, Italy and Greece are ranked last in the European Union based on the sum of these scores. Italy was and continues to be one of the few European countries that manages these types of emergencies only after they have occurred and with the assistance of public funds. The recent introduction of mandatory catastrophe insurance policies is now expected to help reduce this gap.