Interviews & contributions

Petra Hielkema in an interview with Lider about insurance protection gap, pensions, inflation and other challenges

High inflation and rising interest rates are posing challenges to European insurers. However, overall the sector is in good financial shape and I believe that it will be able to weather the storm of the current macroeconomic environment.

First of all, Hielkema stressed, the strong solvency of the European insurance industry. "The average solvency ratio in Europe is 260% and in Spain the sector is at 240%. Although we always monitor these levels of capitalization, we are calm, despite the difficult macroeconomic situation.

Supervisors need to focus on digitalisation and ensure that they are equipped with the right skills.

The financial sector plays an important role in financing a timely transition to a more sustainable economy.

Insurers play a critical role through innovative products incentivising climate risk prevention.

Insurers play a critical role through innovative products incentivising climate risk prevention

The responsible adoption of Artificial Intelligence will reshape the insurance industry.

Insurance-based investment products should be cost-efficient and offer “value for money” to consumers