FERMA calls upon Spanish Presidency to push key green & digital transition EU policy files

The Federation of European Risk Management Associations (FERMA) is urging the Spanish Presidency of the Council of the European Union to make progress on the green and digital transitions a priority to help drive EU competitiveness and enhance strategic autonomy, while also ensuring the ongoing effectiveness and affordability of the private re/insurance market.

In their paper: “Contribution to the Spanish Presidency of the Council of the EU – ‘Europe, closer’: what does this mean for Risk Managers?”, FERMA has called for definitive action on a variety of several legislative fronts. This includes the Directive on corporate sustainability due diligence (CS3D) and Solvency II, and addressing the need for adequate insurance coverage to facilitate the transition into a low-carbon economy, as well as for greater collaboration on cyber resilience.

All in all, the FERMA paper addresses three key areas: Advancing the green transition, ensuring the EU’s open strategic autonomy – with a digital focus, and the key role of insurance management in supporting the transition.

Moreover, while FERMA supports the ambitions of CS3D and the need for companies to address environmental…