Petra Hielkema Chairperson of the European Insurance and Occupational Pensions Authority (EIOPA)
Shownotes
Introduction & Personal Perspective
- Petra, since you became Chairperson of EIOPA in 2021, you have led the authority through a time of major change. What have been your biggest personal challenges, and what priorities have guided your work so far?
Regulation & Competitiveness in the European Context
- EIOPA aims to protect consumers and ensure financial stability. How do you balance these goals with the need to support innovation and competitiveness, especially with new rules like DORA and the AI Act?
- In your opinion, are current regulatory developments in Europe going in the right direction, or are there areas where you think changes are needed to better support a competitive insurance sector?
- When we talk about competitiveness in the insurance industry today, is it still mainly about capital requirements, or are other factors becoming more important from a European perspective?
Digitalization, DORA & Artificial Intelligence
- Digital transformation brings both opportunities and new risks for insurers. What does EIOPA expect from the industry when it comes to implementing DORA, and how do you help insurers become more digitally resilient?
- The EU’s AI Act sets new rules for artificial intelligence. How do you think this will affect the insurance sector, and where do you see the biggest opportunities and challenges?
Sustainability & Social Responsibility
- Closing climate and protection gaps is a key focus for EIOPA. What practical steps are you taking to encourage sustainable innovation and help the sector deal with climate risks?
- Measuring the impact of regulation is important. How does EIOPA assess the effectiveness of its rules, and how do you use these results to improve supervision and regulation?
- How can the insurance industry better meet its social responsibilities, especially when it comes to pensions and sustainable products?
European Single Market & International Perspective
- The European single market offers many opportunities, but some potential is still unused. In your view, what regulatory or structural barriers need to be overcome so insurers can be more innovative and competitive across Europe?
- How does EIOPA work with supervisors outside the EU, and what is your role internationally, for example in setting global standards?
Looking Ahead
- Looking to the future, what do you see as the two most important regulatory trends or challenges for the insurance sector, especially regarding digitalization, sustainability, and new risks?
- If you could make one wish to European policymakers, what change would you suggest to best support the competitiveness and innovation of the insurance industry?
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