Insurance Europe announces partnership with the European Youth Parliament

Collaboration looks to develop young talent in the industry

Insurance Europe announces partnership with the European Youth Parliament

Insurance News

By Kenneth Araullo

Insurance Europe and the European Youth Parliament (EYP) have initiated a series of activities in Thessaloniki aimed at fostering open, transparent dialogue between young people and the insurance industry.

The agreement, first announced on May 30, saw EYP's executive director, Anya Suprunenko (pictured above, left), speak at Insurance Europe’s 14th International Conference in Helsinki. She remarked on the challenges young people face in understanding the insurance industry, noting the complexity and lack of youth-friendly language.

Suprunenko emphasised the need for change to enable young people to make informed decisions about their future.

“This must change for young people to make informed decisions about their future. The EYP is pleased to partner with Insurance Europe: we need more partnerships of this kind, to raise awareness and knowledge,” Suprunenko said.

During the EYP’s 100th International Session in Thessaloniki, Olav Jones (pictured above, right), deputy director-general of Insurance Europe, addressed the audience. He acknowledged the significant role insurance plays for everyone and the necessity of improving public understanding of its workings.

“This is why I am excited that Insurance Europe and the EYP are working together. We look forward to holding discussions to explain more about insurance, and to hear how the industry can even better cater to the needs of young people and wider society,” Jones said.

The partnership will feature several initiatives, including the EYP developing a position on pensions in Europe during its international sessions in Thessaloniki in 2024 and The Hague in 2025. Other planned activities encompass events and a European-wide survey targeting young people.

Back in June, the organisation also issued its response to the International Association of Insurance Supervisors (IAIS) regarding their draft application paper on supervising diversity, equity, and inclusion (DEI).

First and foremost, Insurance Europe has expressed support for the IAIS’s commitment to DEI and acknowledged the importance of considering local legal, cultural, and historical contexts in shaping DEI activities.

They also highlighted that the size and type of a company will impact DEI policy, affecting data collection capabilities and the speed of implementing initiatives.

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