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Europe faces a transformative era with political shifts, aging populations, climate crises, and technological disruptions. The 2024 elections highlighted polarization, while war and trade tensions expose vulnerabilities. Insurance Europe emphasizes insurance’s role as a stabilizing force, urging smarter, proportionate regulations. Their strategic reset aligns with EU priorities, focusing on savings, natural disaster protection, AI, and insurance’s societal value to boost competitiveness and resilience.

Insurance Europe responded to the EBA’s consultation on EU anti-money laundering Regulatory Technical Standards, supporting a harmonized, data-driven risk assessment but urging proportionality. They advocate for minimal, targeted data collection, reasonable transition periods, and revised data points to ease burdens, particularly for low-risk products. The federation opposes excessive customer data requirements, supports remote identification, and proposes event-driven updates for low-risk life insurance and simplified due diligence for pensions and pure risk policies. Insurance Europe commits to collaborating for an effective, risk-based AML/CFT framework.

A Europe-wide survey by Insurance Europe and the European Youth Parliament, involving 651 young people from 33 countries, revealed that young Europeans value insurance for protection but find the purchasing process complex and paperwork-heavy. They demand simpler, more digital, and user-friendly solutions. Insurance Europe urges EU policymakers to simplify processes for young consumers.

The German and European banking sector is undergoing rapid transformation due to digitalization, ESG integration, regulatory changes, demographic shifts, and increased competition from FinTechs. Key challenges include managing complexity, leveraging AI and data, optimizing business models, and ensuring resilience and security. Banks must adapt quickly to survive, with successful integration of AI and ESG being crucial. Consolidation and evolution towards technology-driven or platform-based approaches are likely. Banks face a "transformation trilemma" of managing digital, regulatory, and ESG changes while maintaining profitability.
THE PAPER IS IN GERMAN

Insurance Europe urges a simpler, phased approach to the EU’s Financial Data Access (FIDA) framework to boost competitiveness. They highlight the need for clarity on data scope to protect sensitive information and a realistic timeline beyond the proposed 18 months for effective implementation.

For years, "continuous monitoring" in cybersecurity lacked a clear definition, forcing improvised security practices. This paper introduces QUARC, a formal model that quantifies cybersecurity risk and links it to precise detection and response times. QUARC provides a robust, weight-free probabilistic risk function, translating this risk into concrete operational cadences using hazard and queue theories. This model offers a universal standard, allowing regulators to enforce testable compliance, security teams to monitor real-time conformance, and insurers to price risk accurately. QUARC transforms a vague policy into a measurable, enforceable reality, closing a critical loophole exploited by attackers.

A review of 28 studies (2019–2023) shows growing academic interest in the relationship between fintech and banking risk, using diverse models and frameworks. Research focuses on bank-level, country-level, and fintech-specific measures, analyzing risks like insolvency, credit, liquidity, and market risk. The study highlights the importance of interdisciplinary and cross-country research, recommends adopting multi-theoretical frameworks, and urges consideration of individual-level factors such as financial literacy and digital access. For policymakers, it offers guidance on monitoring fintech’s impact and stresses the need for comprehensive regulation and global cooperation to ensure financial stability and effective risk management.

State-sponsored cyberattacks are a growing and serious threat to financial stability, particularly as geopolitical tensions rise. The financial sector and regulators must prioritize cyber resilience and coordinated defense strategies to mitigate systemic risk.

This EBA consultation proposes amendments to the Pillar 3 disclosures framework, integrating new requirements from Regulation (EU) 2024/1623 (CRR3) on ESG risks, equity exposures, and shadow banking entities. It aims to enhance transparency, streamline reporting, and simplify compliance.

Key changes include expanding ESG disclosure scope to more institutions with a proportionate approach, clarifying existing large institution disclosures, aligning with Taxonomy Regulation, and providing transitional provisions. The goal is to improve market discipline and ensure consistent, clear financial reporting across the EU banking sector.

This study emphasizes the need for clearer, consumer-friendly disclosures in home insurance policies regarding natural catastrophe coverage. Despite some insurers providing accurate information, vague language and inconsistent definitions in Insurance Product Information Documents (IPIDs) often confuse consumers about coverage for events like floods or fires. With only a quarter of natural disaster losses insured in Europe, unclear disclosures contribute to a significant protection gap, leaving households vulnerable. EIOPA suggests improved IPID design, including detailed peril taxonomies and clear exclusion terms, to help consumers make informed decisions.