A rushed transition to clean energy triggered by extreme weather events linked to global warming “will be very expensive” to swallow for the economy, investors warned policymakers at an event in Bratislava last week.
Telecoms operators and car manufacturers have asked the European Commission to put money into a major, four-year project running driverless cars between EU member states, in the first test of the new technology between more than one country.
The European Commission is trying to figure out whether insurance laws should be changed to cover crashes caused by driverless cars. With no human in control of the cars, insurance companies are already rethinking who will be liable for the new technology.
The threat of extreme weather caused by climate change and the challenges it can pose to EU citizens and insurers were highlighted again last week by the floods in France, which killed four and cost millions.
The success of sharing economy firms offers new opportunities to insurers who see Uber drivers and Airbnb flat owners as a potential source of revenue. But setting up a safe environment for digital platforms, contractors, and users remains a challenge.
Services such as ride-hailing app Uber and home-rental site Airbnb should only be banned as a last resort, the European Commission said on Thursday (2 June), as it seeks to foster development of the "sharing economy".
The European Commission will ask member states to review and amend legislation, when necessary, to end the fragmentation faced by Uber, Airbnb and other collaborative platforms in Europe, EURACTIV.com has learned.
The European Commission's highly anticipated views on the sharing economy are expected to pave the way towards a solution to outstanding complaints put forward against the likes of Uber and Airbnb in a number of EU countries.
Transport ministers from EU countries are slated to sign a joint declaration on driverless vehicles tomorrow (14 April), but squabbles between member states have made the agreement a sensitive subject.
The European Commission, which plans a strategy on connected vehicles later this year, has released a report outlining how to "catch up" on connected vehicles as other countries?like the US and Japan?speed ahead.
SPECIAL REPORT / Farmers in the Global South can protect their business by insuring their crops against climate hazards. But this system is held back by a lack of reliable climate data. EURACTIV France reports.
SPECIAL REPORT / The EU executive is set to launch a broad consultation on the state of the internal market for financial services to gauge how fragmented it is and what can be done to encourage more cross-border activity in the insurance sector.
SPECIAL REPORT / Insurers from the US and EU are amongst leading backers of a financial services chapter within the Transatlantic Trade & Investment Partnership (TTIP), although the US remains opposed officially.
SPECIAL REPORT / Europe plays a leading role in the global insurance business. But maintaining this position will depend on its ability to respond to emerging threats in the digital economy, analysts warn.
SPECIAL REPORT / With trillions of assets under management, the insurance sector remains a mainstay of the European financial industry. But insurance services are less frequently offered across borders, adding unnecessary costs to consumers, critics say.
Insurance companies are struggling to gain a foothold in Africa, where populations tend to favour community insurance schemes called tontines. These are often informal agreements between trusted friends and family members. EURACTIV France reports.
New, stricter capital rules for Europe's insurers could spur takeovers and consolidation next year among the region's 5,000 insurers, after recent stress tests showed nearly one in seven would fail them, analysts and industry executives said.