When embarking on a journey, it is important to have both a clear idea of where you wish to arrive, and of how you intend to get there. The words and actions of the newly formed European Commission are encouraging and have made its intended destination clear. Over the coming years, the Commission wishes to arrive at a stable and prosperous Europe, underpinned by strong economic growth. A common destination shared by the insurers of Europe.

There is now renewed energy and discussion about reducing the amount of red tape on businesses and designing regulation that is smarter and more efficient. A new emphasis has also been put on the need to encourage the private sector to make more long-term investments, such as those in infrastructure projects and SMEs, to stimulate growth in Europe.

Insurance Europe supports the need to fully examine regulations with a view to removing legislative barriers that will hamper this pathway to growth. And there are a number of considerations we would like to suggest to EU and international decision makers on their journey.