The insurance industry supports the transition away from internal combustion engines (ICEs). Indeed, given the challenges posed by the accelerating pace of climate change, driving cars that no longer run on fossil fuels is the only right choice for us as a society, maybe even the only possible choice. As insurers, we are taking positive action to shape this change notably by providing loss prevention advice and monitoring the effects of electric cars on motor insurance.

Responding to a European Commission consultation on the functioning of the EU securitization framework which closed on 4 December, Insurance Europe said it supports regulatory changes to improve the market for securitizations in line with the Commission's objectives.

With a growing scale of digital possibilities, insurance fraudsters are increasingly creative and, importantly as well, increasingly able to cross borders without much effort. At the same time, strategies to combat fraud remain predominantly national, due to the realities of judicial systems and relevant legal frameworks.

Insurance companies, as underwriters and major institutional investors, hold responsibility and power in many areas of sustainable development. Fortunately, behaving responsibly and pursuing profitability objectives are not mutually exclusive. The sector must ambitiously face the global challenges that threaten not only our entire economic system but the very future of humankind.

The UN's COP29 climate talks in Baku, Azerbaijan, are underway at a time when the impact of climate change is hitting communities with growing ferocity. Europe recently faced more unprecedented climate events: the catastrophic floods in Spain, that have tragically claimed the lives of over 220, came just a few weeks after devastating floods in Central and Eastern Europe. These events were preceded by others, such as the wildfires that scorched huge areas in Greece.

Insurance Europe has called on the European Commission (EC) to withdraw its Artificial Intelligence Liability Directive (AILD), arguing that it would create legal uncertainty and discourage innovation.

The Retail Investment Strategy (RIS) proposal presented by the European Commission in May 2023 is a key opportunity to boost EU citizens' participation in capital markets so that they can make the most of their money while supporting the European economy. Since its publication, member states have been busy defining their position in the Council, while the ECON Committee of the European Parliament adopted the report of Rapporteur MEP Stéphanie Yon-Courtin in March this year.

24 February 2022 is a day that divided reality. A full-scale war in Ukraine became a reality. Panic, horror, confusion, fear for the lives of relatives, hatred for the enemy – this is just some of the emotions experienced by every Ukrainian on that day and every day since.

The dynamic adaptation of advanced technologies, new digital services and applications is an integral part of our digitalised world. Cybercriminals and other threat actors are taking advantage of the increasing interdependencies and interconnectedness that are being created. In this context, cyber insurance has become an established part of risk management, but it requires a greater contribution from all stakeholders in society.

Chair, Personal Insurance Committee, Insurance Europe and Head of Partnerships & Corporate Business Development, Société Générale Assurances, France

The recent publication of the much awaited report on EU competitiveness by Mario Draghi, the former European Central Bank president, has raised important questions around how to close the massive investment and innovation gaps in Europe.

Europe's insurance industry welcomes Mario Draghi's report, backing the need to prioritize EU competitiveness. The industry supports the report's call to increase the flow of investments and savings across the EU, ensure Europe’s ambitious decarbonization plans are part of a larger coherent plan, and reduce regulatory burden.

Risk coverage is a complex business whose ultimate objective is to protect the client. Providing value for money is a priority for the insurance industry.

Insurers play a unique role among financial services industries. Their ability to manage risk protects people, organisations and global economies from catastrophes that would otherwise be devastating.

The European Commission (EC) has continued with its very ambitious plan to use several sustainability initiatives to drive companies and citizens to change their behaviour and investments in ways which support the Paris Agreement objectives and wider sustainability goals.

Data is at the core of the insurance sector. Without data, insurers would be unable to assess the risks consumers wish to be protected against, develop and price their policies, process consumers’ claims or spot fraud. As data processing lies at the very heart of their business, insurers are aware of the value of data and the importance of protecting it.

2024 is a pivotal year for global politics, with elections impacting half the world. In the EU, citizens took to the polls to elect the next European Parliament which sits for the first time on 16 July. The elections kick-started a series of institutional changes, including the European Council setting out it's priorities for the next five years and the start of a new European Commission mandate in autumn this year.

The insurance industry has set out its priorities for a more prosperous, resilient, and competitive European Union. It calls on EU policymakers to reduce protection gaps, continue to tackle climate change, increase private investment, and take a new approach to regulation.

Insurance Europe and the European Insurance CFO Forum have reiterated their support for the EU’s Taxonomy Regulation which came into force in July 2020 and aims to create a common framework for classifying environmentally sustainable economic activities.

Insurance Europe has responded to a consultation by the International Association of Insurance Supervisors (IAIS) on its Holistic Framework. The Framework is a set of supervisory policy measures, a Global Monitoring Exercise (GME), and implementation assessment that reviews and mitigates systemic risk in the insurance sector, including through recovery and resolution planning requirements (RRP).