Traveling outside your home country can create a situation when you could need a medical help, stay in a hospital, transport or medicines and also the need to pay for them.
Countries around the world and even in the EU differ in what can free access to medical help actually mean.
There are many products and possibilities how to get such insurance, sometimes connected to another products (credit cards, memberships etc.). You should always check with your insurance company, whether your insurance would cover costs related to events associated to paragliding. Mostly a special product is needed which only a few insurance companies offer.
There are also some good options of travel insurance for LAA CR members.