Changing Insurance Regulation Nicolas Jeanmart, Head of Non-Life, Life & Macro-Economics International Insurance Conference of MABISZ Budapest, 6 November.

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Presentation transcript:

Changing Insurance Regulation Nicolas Jeanmart, Head of Non-Life, Life & Macro-Economics International Insurance Conference of MABISZ Budapest, 6 November 2014

Insurance Europe 2 Who? What? Why? European insurance and reinsurance federation, founded in 1953 Represents around 95% of European insurance market by premium income Committed to creation of favourable regulatory and supervisory framework for insurers at European and international level.

Members 34 national associations 27 EU member states 5 non-EU markets Switzerland, Iceland, Norway, Turkey, Liechtenstein 2 associate members Serbia, San Marino 1 partner Russia 3

Contribution to the economy 4 Insurance Europe represents more than European (re)insurers, which: generate premium income of more than €1 100bn employ almost one million people invest almost €8 600bn in the economy

Setting the scene 5

Implementation and Focus 6

Margin for manoeuvre 7

Prudential regulation 8

Insurance conduct of business 9

Pensions 10

Emerging technologies 11

Prevention 12

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