Insurance EuropeInsurance Europe
Why insurers differ from banks

In the aftermath of the 2007/2008 banking crisis, a significant number of reforms have been introduced by international, European and national policymakers as a response to problems in the banking sector which have negatively impacted the entire economy. These efforts to foster sound and stable financial markets are fully supported by the insurance industry.

A worrying trend has, however, emerged. Several regulatory initiatives directed at the banking business were eventually transposed to other financial industries, without an appropriate distinction being made between the vastly different business models which make up the financial sector.

Published 5 November 2014
Nicolas Jeanmart
Nicolas Jeanmart
Head of personal & general insurance