Apr 2, 2019
Events

Open event of the Hellenic Association of Insurance Companies (EAEE) – “Into the future with safety”

The role of the insurance market in the development of the Greek economy was highlighted in the open event of the Hellenic Association of Insurance Companies (EAEE), with the message: “Into the future with safety”.

The event was held on Tuesday, February 26, 2019 at the Athens Concert Hall, on the occasion of the 112th Annual General Assembly of the EAEE. More than 500 guests attended the event, including representatives of the country’s political, social and economic life, the Bank of Greece, the SMEs and the insurance press, the insurance market operators, the Athens Chamber of Commerce and other institutional bodies. […]

http://www1.eaee.gr/deltia-typoy/anoihti-ekdilosi-eaee-sto-mellon-me-asfaleia

The role of the insurance market in the development of the Greek economy was highlighted in the open event of the Hellenic Association of Insurance Companies (EAEE), with the message: “Into the future with safety”.

The event was held on Tuesday, February 26, 2019 at the Athens Concert Hall on the occasion of the 112th Annual General Assembly of the EAEE. More than 500 guests attended the event, including representatives of the country’s political, social and economic life, the Bank of Greece, the SMEs and the insurance press, the insurance market operators, the Athens Chamber of Commerce, as well as other institutional bodies.

The Chairman of the EAEE, Mr. Alexander Sarrigeorgiou, referred to the role of the insurance market as an economic growth lever. He stressed that the insurance market is the largest institutional investor with €14 billion of long-term investments and a large employer counting more than 30,000 employees. It pays €2.5-3 billion a year in compensations and to the State about €500 million a year. It is a reliable market with €4 billion in turnover and €3.7 billion in capital, i.e. one-to-one.

He concluded his speech by pointing out that: “As a market, we have to work with the State together as co-workers and not as competitors in order to set the foundations into pensions, health, and property to support growth.”

The President of the opposition party, Mr. Kyriakos Mitsotakis, stated that the concept of savings is a luxury for many people who struggle daily. In order for this concept to regain its functionality, it is important to increase disposable income through development and to implement policies that support it. As regards to natural disasters, he stressed that: “Only 16% of homes are insured against natural disasters. We need to consider how the State and the private sector will jointly provide low-cost insurance in the event of an earthquake. It is inconceivable not to have such a tool at our disposal in an earthquake-prone country like Greece.” In his speech, the Deputy Minister to the Prime Minister, Mr. Dimitris Liakos, highlighted the positive prospects which have opened up for the insurance sector, in this new recovery period that the country is entering. In particular, he analyzed the government’s reform measures in relation to the public insurance system and regulatory initiatives, as well as the new possibilities for further public-private partnerships in a wide range of possible services. He also stressed out the issue of development related to taxation and the two dominant yet opposing approaches. He concluded his speech by welcoming the resilience, redeployment and international co-operations of the sector, despite the difficult times of the crisis, and noted that the fact that we shall constantly try without waiting for the ideal conditions, is setting an example for the entire society.

The Governor of the Bank of Greece, Mr. Yannis Stournaras, pointed out that pensions, health and natural disasters can be best dealt with through public-private partnership synergies. It goes without saying that this cooperation should go beyond the objectives of a governmental mandate and be part of a long-term national policy.

The event ended with the announcement of two important social responsibility initiatives of the EAEE. As a contribution to the municipality of Mandra, which was hit by devastating floods in 2017, and on behalf of its member companies, the EAEE delivered a fully-equipped ambulance of the latest technology to the municipality of Mandra – Idyllia. In addition, the EAEE offered two breathing support devices to the Nea Makri and Rafina Health Centers, areas affected by the devastating wildfires in the summer of 2018. The announcement and delivery of the donations was made by Mr. Christoforos Sardelis, General Secretary of the EAEE, to the Mayor of Mandra – Idyllia, Mrs. Ioanna Kriekouki and the representatives of the Nea Makri and Rafina Health Centers, respectively.

The new Board of Directors of the EAEE as well as the re-election of Mr. Alexander Sarrigeorgiou as the Chairman of the Board of Directors were also announced in the event. The coordination of the event was handled by Mrs. Margarita Antonaki, General Manager of the EAEE.