Insurance EuropeInsurance Europe
Position Paper
Comments on the green paper on long-term financing of the European economy

The primary role of the insurance industry is to provide protection, risk transfer and management of savings for retirement. Insurance promotes economic activity by giving policyholders risk coverage and implicit confidence to make investments or engage in business that they might otherwise deem too risky. Insurers are important suppliers of long-term savings and pension products which provide people with an income in retirement. These products are of increasing importance as state pension schemes come under strain from ageing populations.

Published 25 June 2013
Cristina Mihai
Cristina Mihai
Head of prudential regulation & international affairs