Joint appeal by the E6 insurance markets for a more competitive Europe
Ahead of the E6 Finance Ministers’ meeting in Berlin, the insurance associations of Europe’s six largest insurance markets, at the initiative of the GDV, are calling for a more ambitious competitiveness agenda for Europe.
Ahead of the E6 Finance Ministers’ meeting in Berlin, the insurance associations of Europe’s six largest insurance markets, at the initiative of the GDV, are calling for a more ambitious competitiveness agenda for Europe.
On 28 May, the Finance Ministers of the so-called E6 countries will meet in Berlin. On this occasion, the insurance associations representing Europe’s six largest insurance markets have published a joint position paper at the initiative of the GDV. In it, they call for a significantly more ambitious competitiveness agenda for Europe.
The paper focuses on creating greater capacity for long-term investment, reducing unnecessary bureaucracy and adopting a more pragmatic approach to AI and digital regulation. The associations also advocate simplifying the EU financial services rulebook. Overlapping regulation, disproportionate reporting requirements and additional burdens on insurers should be reduced in order to strengthen investment, innovation and growth in Europe.
Together, the six insurance markets represent more than 70% of the European insurance market and manage assets worth around €6.9 trillion. According to the associations, the insurance industry can make an important contribution to Europe’s competitiveness, resilience and economic transformation, provided that the regulatory framework does more to support investment and innovation.
You can find the full statement here:
