The Deputy Minister of Labor and Social Affairs, Panos Tsakloglou, addressed the “15th Insurance Conference”, whose work began this morning with the general title “A new era for the insurance market”. As Mr. Tsakloglou stated at the beginning of his speech, “man, both individually and collectively, must prepare his defense against the consequences of the occurrence of risks. This is the essence of insurance, this is the reason why the The insurance industry has played such an important social role over time. ”
Mr. Tsakloglou pointed out the need “for vigilance, innovation, continuous adaptation and renewal of the insurance industry to the needs and requirements of the times”, noting at the same time that, respectively, “social security must be adapted to new emerging risks such as rapid demographic aging “.
“Most Western European societies facing similar problems have sought solutions to this problem for the last 20-30 years. And for all, the fundamental point of the solution was to increase pension savings through capital insurance, which not only alleviates This is why we have undertaken a very important reform of the first pillar of insurance, with the gradual conversion of supplementary insurance from distributive to capital insurance. The second and third pillars of the system are essential complement to the first pillar as they help to increase insurance savings. ”
Mr. Tsakloglou added that “the development prospects of the insurance industry today are particularly auspicious for many different reasons. Among them are the gradual increase of disposable income of citizens, the strong development policy implemented, digitization and modernization. of society.
The operation, work and activity of the natural and legal persons of this country in an environment of increased security and stability is one of the main priorities in the reform program of the State and there the insurance industry is called to play an essential and socially critical role either as a complement in social security or as a driver in the non-profit sector “.
“I want to assure you,” said the Undersecretary of Labor and Social Affairs, “that the Government fully and in various ways supports the development of the insurance industry. in the role that the industry is perspectively called to play “.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
