About: insurance industry

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Economy & Jobs 04-05-2021

A joint effort to boost the European recovery

In 2021, Generali celebrates its 190th anniversary. It is not only a significant milestone that few companies can boast, but also an opportunity to honour our history by continuing to play an ever-increasing active corporate citizenship role that goes beyond...

While coal premiums soar, insurance groups still supports oil and gas

Insurance companies have accelerated their withdrawal from coal this year, making it costlier to secure insurance for new projects. However, the insurance industry is still underwriting oil and gas companies, according to new research.
Economy & Jobs 20-07-2020

Investors call out for green opportunities, as EU aims to open the door

In order to make the post-pandemic recovery as sustainable as possible, long-term green investments will be in hot demand. Participants at a virtual conference called “Investing post-COVID: is a green recovery assured?” called for more opportunities and a viable framework.
Economy & Jobs 03-04-2020

EU tells insurers to suspend dividends, avoid bonuses in pandemic

Insurers and reinsurers in the EU should temporarily suspend dividends and share buybacks, and consider postponing bonuses as well to ensure continuity in services during the coronavirus pandemic, the bloc's insurance regulator said on Thursday (2 April).

Europe urged to bolster defences against climate, cyber risks

Nations across the globe should step up preparations against global risks such as climate change and cyber attacks, EU officials say, as these areas remain the most pressing for global experts surveyed ahead of this year's World Economic Forum (WEF) taking place in Davos next week.

Tackling climate change will require ‘transforming the whole economy’, financiers warn

The global economy has to prepare for a profound transformation in the coming decades as the impact of climate change becomes more tangible, Zurich insurance experts told EURACTIV.com.
Elections 23-08-2018

Cyprus insurer’s bankruptcy sends shockwaves through Bulgaria

The liquidation of Cyprus’ Olympic Insurance, largely unnoticed on the island, is sending shockwaves through Bulgaria as it has left almost 200,000 policyholders with no coverage, causing a serious political crisis.

French insurance companies to divest from German top utility RWE     

Following the move by major European insurers Allianz, AXA, Generali and SCOR, the two French insurance companies Macif and AG2R La Mondiale will no longer invest in companies planning new coal-fired power plants. Germany’s top utility RWE is among the companies most affected by the new decision.
Brexit 27-10-2017

UK lawmakers knock Bank of England and insurers’ heads together

The Bank of England and the insurers it regulates must find common ground over proposed tweaks to European Union rules so that the 1.9 trillion pound (€2.14 trillion) sector stays competitive after Brexit, a panel of UK lawmakers said in a report today (27 October).
Economy & Jobs 17-07-2017

Global cyber-attacks could spur $53 billion in losses

A major, global cyber-attack could trigger an average of $53 billion (€46.30) of economic losses, a figure on par with a catastrophic natural disaster such as US Superstorm Sandy in 2012, Lloyd's of London said in a report today (17 July).
Economy & Jobs 04-07-2017

Regulating finance: What future for Europe after the US elections?

Efforts to strengthen risk management in the banking and insurance sector were stepped up in the wake of the 2008 financial crash.
Brexit 22-06-2016

CFA Institute boss: ‘Brexit isn’t going to happen’

Institutional investors, like insurers and pension funds, are increasingly turning to long-term investments, according to Paul Smith, the head of the CFA Institute. Smith told EURACTIV.com he is “very” optimistic about Europe, saying be believes Britain will not leave the EU.
Digital & Media 10-06-2016

EU considers new insurance laws for driverless cars

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.
Digital & Media 06-06-2016

New EU digital laws could boost specialised cybersecurity insurance

Newly passed EU laws on data protection and cybersecurity could be a boon for insurance companies, which are set to pick up more clients once the rules go into effect in 2018.
Digital & Media 21-01-2016

Bank chief: The end of cash could happen within a decade

Cash could become history within a decade, thanks to new financial instruments, including virtual currencies, some of the world's leading bankers said during the World Economic Forum on Wednesday (20 January).
Brexit 29-05-2015

Brexit could hit London insurance market

A British exit from the European Union could hit London insurers' ability to sell policies in Europe and may deter overseas players from opening London offices, a trade body said on Friday.
Digital & Media 22-04-2015

European insurers’ global reach challenged by cyber threat

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.
Euro & Finance 21-04-2015

Consumers lukewarm on cross-border finance, insurance

SPECIAL REPORT / A key problem facing policymakers and industry analysts looking to the provision of cross-border services in finance is the level of consumer demand.
Euro & Finance 20-04-2015

EU insurance sector strong but still fragmented

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.
Brexit 16-12-2014

Insurance sector faces consolidation with new EU rules a year away

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.
Euro & Finance 19-11-2014

Hill wants telecoms lessons applied to retail financial services

The European Union should open up retail financial services to more competition to bring lower prices for consumers who will also then see how EU membership can produce tangible benefits, the bloc's new financial chief said on Tuesday (18 November).
Euro & Finance 05-09-2014

Insurance companies push forward with European investment

Investment by insurance companies in Europe grew by 3.2% in 2013. However, the sector fears that long-term investments may be adversely affected when tighter prudential regulations come into force in 2016.
Euro & Finance 30-04-2013

UK seeks tougher insurance rules despite possible EU challenge

Britain intends to implement a tougher version of EU rules on capital adequacy for its own insurers, even at the risk of a legal challenge, a top regulator has said.
Euro & Finance 08-10-2012

EU watchdog slams deadlocked talks on insurer rules

The European Union's powerful insurance watchdog EIOPA has blasted stagnant political talks to finalise new risk capital rules for the insurance sector, saying the delay was undermining EU credibility internationally.