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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