Tommy PERSSON: Insurance industry did not generate the crisis
 "Although affected by the financial crisis, the insurance industry is not the one that has generated it. Therefore, the CEA believes that measures to strengthen the supervision of the financial-banking system at European level should not be extended to insurers", said the CEA President, Tommy PERSSON, in the opening of the International Conference "Insurance in a Changing World", which took place on Friday, June 11, in London.
The event took place in the context in which, compared with other segments of the financial market, the insurance industry successfully faced the economic crisis, proving resistance in front of the "storm". However, there must be retained some conclusions from this, both by insurers and by supervisors. One thing is certain, namely that customer expectations and needs have changed. During this period of reorganization of the business and regulatory policies, the consumers, the supervisory authorities and profile industry representatives will discuss the sector's possibilities of adapting to new market realities, and the opportunities, but also the threats they will face.
Media XPRIMM was represented at this Conference by Adriana PANCIU, CEO, and Alex ROSCA, Editor in Chief of PRIMM Publications, who will present to the readers of XPRIMM Newsletters information about the debates in London. The Association for Promoting Insurance - APPA - was represented at the event by the Secretary General of the organization, Alexandru CIUNCAN.
Author: Mihaela CIRCU
on 11.06.2010
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