Comité Européen des Assurances
From Wikipedia, the free encyclopedia
CEA is the European insurance and reinsurance federation. Through its 33 member bodies comprising national insurance associations, CEA represents all types of insurance and reinsurance undertakings, be they pan-European companies, monoliners, mutuals or SMEs. CEA represents undertakings which account for approximately 94% of total European premium income. Its aims are to represent the common interests of European insurers by promoting, defending, illustrating and lobbying their views in EU institutions and other international bodies and to encourage cooperation between member national associations by supporting, at their request, a national cause when compatible with its position.
[edit] CEA, from 1953 to 2007
The CEA was founded in 1953. Its aim was to monitor the works of the OECD in Paris. Later CEA shifted its attention and activities to the European arena, thus adapting to the power structures resulting from the foundation of the European Community and its more recent evolution into the European Union. The European inclination of CEA is clearly revealed in its mission statement, which is: ‘to resolve issues of strategic interest to all European Insurers, focusing on the regulatory environment of the European Union’.
CEA has grown from 18 members in 1953 to 33 national member associations in 2007. Insurance makes a major contribution to Europe’s economic growth and development. European insurers generate premium income of €978bn, employ over one million people and invest more than €6,300bn in the economy.
[edit] CEA's aims
The CEA is the European federation of the insurance and reinsurance industry and represents the views of European insurers in order to present one voice on behalf of this market. CEA’s aims to:
- represent the common interests of European insurers by promoting, defending and illustrating their views in international bodies
- promote qualified opinions in public or private, European and international organisations with an insurance or reinsurance involvement
- encourage cooperation between member national associations by supporting, at their request, a national cause when compatible with its position
- exchange information and experience between markets by undertaking studies in the interests of European insurance and reinsurance companies
- improve the service to the insured and develop insurance in Europe in response to company needs<
- advance the views of European insurers in economic and social debates where they have a legitimate interest.
