Building links between Europe and the rest of the world  

A key aspect of Insurance Europe’s work on the international stage is to engage with global policymakers, such as the Global 20 (G-20), standard setters like the International Association of Insurance Supervisors (IAIS) and international organisations, which include the Financial Stability Board (FSB) and the Organisation for Economic Co-operation and Development (OECD), to ensure that the recommendations, principles, standards and global requirements that are developed on a wide range of issues are balanced, appropriately reflect the insurance business model and work as intended.

In addition, to make our global society more resilient to the challenges it faces, it is very important that countries around the world are free to benefit from both the coverage and expertise that Europe’s insurers and reinsurers can offer them. To achieve this aim, a considerable amount of work remains to be done to promote and achieve the liberalisation of the insurance sector on a worldwide level.

This is why Insurance Europe engages with the Commission and other relevant stakeholders to build understanding of the many benefits that Europe’s (re)insurance industry can offer to other countries, as well as of the need to bring down the discriminatory barriers and protectionist practices that prevent this from happening.