Second Insurance Europe The Capital Market Union (CMU) should seek to promote market investment, expand access to finance for EU businesses and promote an environment that supports innovation, competition and growth for EU businesses.
The CMU, launched ten years ago, aims to create a unified capital market to improve the investment and financing process across the EU.
The book shows the significant role of the insurance sector, not only in providing financial protection, but also in providing pension and financial security and acting as an investor who works for the long term. European insurers invest nearly 9.5 billion euros in the economy, with 69% of their investment in stocks, companies and government bonds within the EU.
Olav JonesDeputy Director General of Insurance Europe, said: “The Capital Markets Union will be the most important to bring out investment leading a green, digital and globally competitive Europe. The EU will now focus on unlocking investing in marketing, reducing regulatory and reporting and increasing access to SME capital, risk capital, SME debt and resources. By understanding these goals, insurance companies can help with -contribute to the transition to digital life and continue to invest for the long term. This will stimulate growth and create more jobs, paving the way for a financially and economically strong Europe increased.”
Insurance Europe has defined several important for the Capital Market Union (CMU):
- Simplify customer investment in savings and retirement products: A survey showed that 72% of citizens do not invest in any financial product. The EU’s retail investment scheme should raise awareness and simplify the investment process for European citizens.
- Examine the wisdom principle: The ongoing review of Solvency II must address capital requirements and changes that create barriers to long-term products, savings and profit sharing, and investment.
- Update finance and insurance courses: It is important to improve the knowledge, confidence and skills of European citizens about financial products. Pension dashboards and monitoring systems can help encourage citizens to invest more.
- Increasing the chances of insurers getting different incomes: Increasing access to SME equity financing, capital, SME debt and infrastructure financing provides insurers with critical opportunities and opportunities. It is important to monitor and expand the successful use of funds.
- To facilitate the investment in the capital: Confidence in cross-border investment can be achieved by improving insolvency law and enhancing protection for investments within the EU.
- Reduce regulatory burden: The European Commission should fulfill its commitment to reduce administrative complaints by 25%. New laws should be introduced only if necessary, ensuring they are simple, proportionate and avoid unintended consequences.