At the start of the second edition of the international meeting organized by ANIA which today starting at 9.30
will see the
protagonists and representatives of the insurance and financial world
confront each other .
The meeting was broadcast live on ANSA.it.
"
It is when Europe does not exist, or hesitates, that its importance is best understood precisely because we feel how much we miss it
. This - we cannot deny it - is partly happening today.
The examination of this crisis is not still outdated
".
This was stated by the president of Ania (National Association of Insurance Companies),
Maria Bianca Farina
, closing the Insurance Summit 2022.
"Almost eight months after the start of a dramatic war in Europe
- says Farina -
we cannot yet say that the 'Union has been able to react with the same decision
"that in the face of the Covid pandemic." The energy crisis is starting to have answers - he continues - but we will see only with the European summit on 21 October if the most daring and effective proposals - such as a price cap on gas or a new Sure fund from 100 billion - will gather sufficient consensus "
Moreover, on investments, Farina specifies "
a pact with the government would be necessary to give breathing space above all to small and medium-sized companies,
to give short-term loans and perhaps receive them for a long time, but for the current situation of the financial world, for this, there is a need for a public-private partnership ".
This was declared by the president of Ania (National Association of Insurance Companies), Maria Bianca Farina on the sidelines of the Insurance Summit 2022. Farina also underlines the importance of protection.
"We must make it clear - she says - she that
in insurance protection there is great value and the more fragile you feel, and paradoxically the more you need protection. Paying little you protect yourself from very large risks"
for health, for the future, for the home, cyberg, on natural disasters, on all fronts.
Signorini: public accounts are credible to maintain confidence in BTPs
A "credible long-term strategy for public accounts" is needed to "maintain confidence in the government bond market".
This was stated by the CEO of the Bank of Italy, Luigi Federico Signorini, underlining how "the stock and bond markets are volatile and exposed to changes in market sentiment".
Flour: on investments we need a pact with the government for SMEs
On investments "a pact with the government would be necessary to give breathing space above all to small and medium-sized companies, to give short-term loans and perhaps receive them for a long time, but for the current situation of the financial world, for this, a public partnership is needed. -private".
This was declared by the president of Ania (National Association of Insurance Companies), Maria Bianca Farina on the sidelines of the Insurance Summit 2022. Farina also underlines the importance of protection.
"We must make it clear - he says - that in insurance protection there is great value and the more fragile one feels, and paradoxically the more protection one needs. By paying little, one protects oneself from very great risks" for health, for the future, for the home, cyberg, on natural disasters, on all fronts.
Assoutenti: Ania does not find excuses for price increases
"Ania does not find excuses to increase insurance costs, and Ivass does not endorse choices that damage the policyholders, or we will be ready to do battle".
This was stated by the president of Assoutenti, Furio Truzzi, commenting on today's statements by president Ania, Maria Bianca Farina, according to which "the economic slowdown and the context of high inflation weigh on insurance companies".
"Today we are witnessing the Greek cry of Ania which laments the higher costs for insurance companies linked to the increase in inflation", explains Truzzi, "it is a pity that Ania forgets to mention that in the last two years insurance companies, thanks to the crisis caused by Covid, recorded a very strong increase in profits against a reduction in costs. Just think of the TPL auto branch,
Gentiloni: we cannot rule out recession, implement Pnrr
We are witnessing "a general deterioration" of the economy, "we can no longer rule out a recession".
Much, however, "depends on the performance of the energy market".
To cope with the difficulties "we have a valid tool that can give confidence, that is the Next generation EU, so it is essential to carry out the NRRs especially for countries with high debt": said the European Commissioner for the Economy, Paolo Gentiloni , speaking at the ANIA summit.
"At the end of the month we will publish the guidelines" on
the reform of the Stability Pact
, with the aim of "simplifying" the rules.
"One solution may be to foresee medium-long term microfiscal plans, which can initiate new fiscal solutions but of a more cautious nature. These plans should strengthen the commitment of the countries, taking into account the EU priorities and the projects of the member states. implementation of the NRP represents a fundamental model ", continued Gentiloni.
"To ensure greater control by member states" over budgetary rules, "states could obtain greater flexibility" on the trajectories of recovery from high deficits and debts, "as long as EU principles are respected, not least debt sustainability" Gentiloni added.
"For example, commitments on reforms and investments could allow for a longer" period of "adjustment" of the accounts.
Ania: a moment full of challenges, optimism is needed
In a moment that could not be "more full of challenges and opportunities for those who will be able to read and interpret change", the "reasons for optimism - a lucid, rational, non-fideistic optimism - they must still prevail over those of legitimate concern ", said the president of ANIA (National Association of Insurance Companies), Maria Bianca Farina at the Insurance Summit 2022.
Bankitalia: energy impact on fourth quarter GDP
The Bank of Italy still expects a positive GDP in 2023 although "significantly reduced" compared to the previous forecast.
This was stated by the chief executive officer Luigi Federico Signorini speaking to Ania, recalling how the official estimates will be released on 13 October and that "the uncertainty remains high".
For 2022 "growth forecasts will not change much" while in the second half of 2023 a recovery and a positive overall annual GDP are expected.
In the adverse scenario of "a prolonged impact of the war on energy prices and supplies" and on "world trade", the 2023 GDP will instead be negative.
The Bank of Italy expects "a slight slowdown" in the economy in the third quarter and "a heavier negative impact" in the fourth by "high energy prices and the global slowdown".
In collaboration with:
by ANIA