FERMA urges Spain to progress green and digital policies

The Federation of European Risk Management Associations has called upon the Spanish presidency of the Council of the European Union to progress green and digital transitions - both to help bolster EU competitiveness and to ensure the ongoing effectiveness and affordability of the private re/insurance market there.

Specifically, FERMA has called for definitive action on the directive on corporate sustainability due diligence (CS3D) and Solvency II; and has reiterated the need for adequate insurance coverage to facilitate the transition to a low-carbon economy. It has also called for greater collaboration on cyber resilience.

Dirk Wegener (pictured), president of FERMA, said: “FERMA looks forward to engaging with the Spanish Presidency during this critical period. The risk management community has a central role to play in advancing developments on all of these critical fronts and contributing to the continued competitiveness of the European market.”

Juan Carlos López Porcel, president, AGERS, added: “AGERS believes that through close collaboration between the FERMA the risk management community and the EU Spanish presidency can play a central role in supporting the Council in achieving many of its risk and resilience-focused ambitions. We firmly believe that the areas that FERMA is focused on will help to ensure a more robust and relevant supply chain for governments and businesses to the benefit of the EU as a whole.”

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