October 2014

Spotlight – In international business, almost every market around the world does things in a different way. This often leads to misunderstandings and unfulfilled expectations. However, different does not need to mean difficult and knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. These articles help you understand different aspects of the insurance industry around the world, enabling those who do business there to feel more “at home, abroad.”

Elections for the European Parliament have been held and new members of the European Commission will soon be known. The European Union has undergone a democratically motivated change and continues to sustain economic growth by investing in transport, energy and research, while also seeking to minimise the environmental impact of further economic development.

Over the five years of the last mandate, there has been a staggering 130 or more Commission initiatives on which Insurance Europe has worked because they have direct or indirect implications for Europe’s insurers. With all this action, it is not surprising that the biggest ongoing challenge faced by Insurance Europe is to increase understanding about the role of insurance, its benefits and how its unique business model works within the EU.

Therefore the recently published Annual Report 2013-2014 makes very interesting reading and we recommend this to all of our readers at http://www.insuranceeurope.eu/uploads/Modules/Publications/annual-report-2013-2014-2.pdf