Europe is more important today than ever before. Our world is becoming larger and more interconnected. The challenges posed by things like climate change or digitalization continue to grow. The future that is being negotiated in Europe is also the future of insurers.
The European Union creates legislation for 450 million people. These regulations determine what our lives will be like in the future. How we treat nature and the climate. How we invest. How we move around new digital worlds. The great challenges of our time know no boundaries. Hence, we must solve them together.
Insurers are playing a major role in shaping transformation processes in Europe. This includes numerous areas, among which are some of the greatest challenges of the century such as climate protection or the right way to handle digitalization. But it also involves practical issues such as capital market efficiency or taxation.
There is a close link between the future of Europe and the future of insurers, who play a key role in the economy as risk carriers and long-term investors. These two crucial functions mean that insurers have a large part in shaping important transformation processes. Take climate protection, for example: The investment portfolio of primary insurers alone comprises around 1.5 trillion euros, with many insurers already take sustainability and ESG (i.e. environmental protection, social aspects, and good corporate governance) criteria into account for new investments.