OPINION by Cristiano Borean, Chair, Insurance Europe Economics and Finance Committee and Group Chief Financial Officer of Generali
One of the central priorities of the new European Commission is to stimulate economic growth, and the recently launched Savings and Investments Union (SIU) represents a strategic initiative aimed at enhancing Europe’s long-term competitiveness. The European insurance sector has welcomed this initiative, while underscoring the pivotal role of regulation in delivering the SIU’s objectives. Releasing excess prudential capital to enable more productive investments – alongside streamlining administrative burdens – is essential to strengthen the global competitiveness of European markets.