- World Economic Forum(WEF) Global Risks Report 2019 highlights worsening international relations hindering action across a growing array of serious challenges
- Comments on Brexit vote impasse
- Allianz Risk Barometer highlights cyber and concerns around Brexit as as top risks in UK
- Willis Re's Summary of Natural Catastrophe Events 2018 report estimates insured losses from major natural catastrophes at around $71.5bn
- BIBA highlights opportunities for business in 2019 Manifesto
- UK Comprehensive car insurance prices fell by 6% in 2018 says Confused.com/ Willis Towers Watson analysis
- Insurance Europe concerned that the European Commission’s proposal for an ePrivacy Regulation could hamper insurers’ ability to offer innovative insurance policies to consumers expired
- ArgoGlobal collaborating with broker Axieme and digital platform Jobby in Italy to respond to a need for on-demand, pay-as-you-go insurance for temporary and short-term workers expired
- LV= General Insurance successfully deploys Guidewire Core and Data solutions in the largest transformation the business has ever undertaken expired
- Marsh announces that it had placed more than 10,000 risks in 2018 through Placing Platform Limited(PPL)-over 15,000 in total expired
- ZhongAn and Grab to establish joint venture company to enter the digital insurance distribution business in Southeast Asia expired
- Greenlight Capital Re becomes largest shareholder in Chicogo-based MGU AccuRisk expired
14th January 2018
Insurance Europe initiatives aimed at enabling insurance customers to better understand products
To help people to better understand financial products in 2018, Insurance Europe has published five new year’s resolutions to help insurance customers to insure wisely.
The federation has also published a new web portal showcasing a broad selection of financial education initiatives by the European insurance industry to increase financial literacy and the understanding of insurance in all parts of society.
Michaela Koller, director general of Insurance Europe, comments “Financial literacy is a core life skill that enables people to take control of their finances and their insurance cover. Initiatives to increase financial literacy are important, because when people better understand the products they buy, they can make more informed choices and achieve better results.”
The industry initiatives outlined in the web portal demonstrate European insurers’ commitment to raising financial literacy and awareness levels across Europe. Insurance Europe also encourages EU policymakers and regulators to play a greater role in supporting this objective.
For example, the federation is calling on the European Commission to consider putting forward a recommendation to encourage the adoption of national financial education strategies in EU member states and the incorporation of financial literacy components into school curricula.
Insurance Europe Trends(124 articles)