The Savings and Investments Union (SIU) is an opportunity to boost household wealth and drive economic growth in Europe. This is particularly important given the unprecedented investment needs Europe faces to tackle the twin challenges of the green and digital transitions, while also financing the innovation and infrastructure required to remain globally competitive. Europe also faces a growing pension gap, driven by demographic change, longer life expectancy, and increasing pressure on public pension systems. In this context, making tangible progress on the SIU is not only an economic imperative but a social one.
Insurers are already a cornerstone of addressing these challenges: they play a central role in channelling household savings into long-term investments, helping to boost Europe's competitiveness, European capital markets, and underpin the digital and green transitions. Furthermore, life insurers, as providers of both occupational and personal pensions, play a key role in addressing the pension savings gap. As such, they help diversify retirement income sources, thereby enhancing financial security for individuals and alleviating pressure on public resources.
To fully unlock the sector’s capacity to mobilise savings and channel them into productive investments, the SIU must leverage and strengthen the industry’s important role.
To unlock the full potential of insurance, the SIU should:
At a glance: How are insurers already contributing to the SIU goals
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