Insurance Europe

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Insurance Europe
Formation 1953 (1953)
Legal status Non-profit company
Purpose European insurance and reinsurance federation
Headquarters Brussels, Belgium
Region served
Europe
Membership
34 national insurance associations
Official language
En
Director General
Michaela Koller
Staff
45
Website www.insuranceeurope.eu

Insurance Europe (known as Comité Européen des Assurances until March 2012[1][2]) is the European insurance and reinsurance federation.[3] Through its 34 member bodies — the national insurance associations — it represents all types of insurance and reinsurance undertakings, e.g. pan-European companies, monoliners, mutuals and SMEs. Insurance Europe which is based in Brussels, Belgium, represents undertakings that account for around 95% of total European premium income.[4] Insurance makes a major contribution to Europe's economic growth and development. European insurers generate premium income of more than €1,100bn, employ almost one million people and invest almost €8,400bn in the economy.[5]

The federation is the voice of the European insurance industry at European and international levels. It is a fair and reliable partner and a contact point for Institutions of the European Union, politicians and supervisors. The federation provides services to the European and international institutions to the benefit of its members. In the regulatory process, it represents the common interests of European insurers by developing, promoting, defending, illustrating and lobbying industry positions that are supported by technical research and expertise. Through government lobby, public affairs, industry forums and issue management, it contributes to achieve a positive political, social, business and economic environment in support of the industry.

Insurance Europe provides the infrastructure for an exchange information and experience between members. The federation also plays a supporting role in relation to its members and provides information and guidance on issues of interest to the European insurance sector.[6] It promotes trust and confidence in the European insurance industry.[7]

History[edit]

Insurance Europe was founded in 1953, as Comité Européen des Assurances (CEA). Its aim was to monitor the works of the OECD in Paris. Later, CEA shifted its attention and activities to the European arena, thus adapting to the power structures resulting from the foundation of the European Community and its more recent evolution into the European Union.

Insurance Europe has grown from 18 members in 1953 to its current 34 national member associations. It changed its name from Comité Européen des Assurances in March 2012.

Mission statement[edit]

The federation's mission is:

  • To draw attention to issues of strategic interest to all European insurers and reinsurers in a sustainable manner.
  • To raise awareness of insurers' and reinsurers' roles in providing insurance protection and security to the community as well as in contributing to economic growth and development.
  • To promote – as the expert and representative voice of the insurance industry – a competitive and open market to the benefit of the European consumer as well as corporate clients.[7]

References[edit]

  1. ^ The Actuary (01 March 2012), CEA rebrands as Insurance Europe
  2. ^ Association of European Vehicle and Driver Registration Authorities (11 July 2012), CEA rebrands as Insurance Europe
  3. ^ Website: http://www.insuranceeurope.eu/
  4. ^ "European Insurance — Key Facts" available at http://www.insuranceeurope.eu/publications/statistics
  5. ^ "European Insurance in Figures" available at http://www.insuranceeurope.eu/publications/statistics
  6. ^ Tia Technology (01 June 2012),Insurance Europe - Facts and Figures
  7. ^ a b Mission statement at http://www.insuranceeurope.eu/about-us

External links[edit]