1、Annual Report 20192020 2 Insurance Europe Annual Report 20192020 Insurance Europe is the European insurance and reinsurance federation. Through its 37 member bodies the national insurance associations Insurance Europe represents all types of insurance and reinsurance undertakings, eg pan-European co
2、mpanies, monoliners, mutuals and SMEs. Insurance Europe, which is based in Brussels, represents undertakings that account for around 95% of total European premium income. Insurance makes a major contribution to Europes economic growth and development. European insurers pay out almost 1 100bn annuall
3、y or 2.9bn a day in claims, directly employ over 900 000 people and invest nearly 10 200bn in the economy. www.insuranceeurope.eu Glossary EC European Commission EIOPA European Insurance take for example the insurers that help clients reduce their potential exposure to cyber incidents or offer lower
4、 premiums to property owners who make their buildings more resilient to flooding. The European insurance sector is also committed to investing sustainably, so it fully supports economic recovery plans and actions that are aligned with the EU sustainability and Green Deal objectives. We likewise rema
5、in committed to supporting the wider objectives set by EU policymakers in initiatives such as the capital markets union and the digital strategy. Insurance Europes actions and positions in all these areas are covered in this Report. Last but by no means least, for Europes insurers to be able to supp
6、ort EU and national recovery efforts, the base prudential regulation for insurers must be fit for purpose. Insurance Europe is providing its technical expertise and market experience to policymakers to ensure that the current review of Solvency II (see p23) results in a regulatory framework that mak