About: insurance industry
Financing and insuring the future
Est. 1minOver the next 5 years, the 'financing transition' will play an integral role in shaping the future of the EU economy and structural infrastructure. This financing transition will be key in implementing EU priorities such as the green and digital …
Russia explores buying some of the 400 ‘stolen’ airplanes
Est. 5minRussian airlines have held exploratory talks with at least one major Western leasing firm about using state funds to buy some of the more than 400 aircraft stranded in Russia after its invasion of Ukraine, according to documents and sources.
Insurance industry playing catch up with climate and losing
Est. 5minThe review of prudential regulation for the European insurance sector, Solvency 2, has
exposed deep divisions in the European Parliament, writes Caroline Metz.
Analysis: Pipeline blasts leave Nord Stream in insurance limbo
Est. 5minWith the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1's insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars in potential claims.
Russia poised to largely skirt new G7 oil price cap
Est. 6minRussia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a US official said, underscoring the limits of the ambitious Western plan to curb Moscow's wartime revenue.
EU Parliament fights over sustainability criteria for insurance sector
Est. 3minIn attempts to reach a common position on the review of prudential regulation for the European insurance sector, MEPs expressed starkly diverging opinions on whether and how to account for climate risks in the regulation.
European insurers fear sanctions coming down Nord Stream 2 pipe
Est. 4minA simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically-sensitive project to bring Russian gas directly to Germany.
A joint effort to boost the European recovery
Est. 5minIn 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
Est. 5minInsurance 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.
Investors call out for green opportunities, as EU aims to open the door
Est. 4minIn 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.
EU tells insurers to suspend dividends, avoid bonuses in pandemic
Est. 2minInsurers 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
Est. 4minNations 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
Est. 6minThe 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.
Cyprus insurer’s bankruptcy sends shockwaves through Bulgaria
Est. 4minThe 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
Est. 4minFollowing 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.
UK lawmakers knock Bank of England and insurers’ heads together
Est. 4minThe 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).
Global cyber-attacks could spur $53 billion in losses
Est. 3minA 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).
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.
CFA Institute boss: ‘Brexit isn’t going to happen’
Est. 6minInstitutional 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.
EU considers new insurance laws for driverless cars
Est. 5minThe 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.
New EU digital laws could boost specialised cybersecurity insurance
Est. 4minNewly 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.
Bank chief: The end of cash could happen within a decade
Est. 4minCash 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 could hit London insurance market
Est. 2minA 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.
European insurers’ global reach challenged by cyber threat
Est. 5minSPECIAL 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.