The European Forum for Risk and Insurance professionnals
Fancesco Briganti, Secretary General of the Cross Border Benefits Alliance-Europe
Why is participating at a European risk management Forum important to you?
Considering my role as Secretary General of the Cross Border Benefits Alliance-Europe (CBBA-Europe), a Federation that advocates for the creation of pan-European plans offering pensions, healthcare and other social benefits across the EU, such plans, once created, will manage impressive masses of money, implying huge potential for the European finance and economy but also higher risks to be handled. Hence, my interest of exchanging points of view during the European risk management Forum.
What does “aim for the future” mean to you?
In my view, the main aim for the future is to make Europe a place where financing of social benefits made by insurance companies and pension funds, returns of investments and the financing in ESG and the so called “real economy” (infrastructures, SMEs, new environmental projects, new technological projects, etc.) will walk hand in hand. I’m convinced that Europe will become a big area where those goals will be pursued at once, also by overcoming the still existing national fragmentation, then the EU will really be able to become the most competitive area of the world, by preserving its excellent infrastructures, its social, environmental and human rights’ values and its social model.
You will be presenting at the session “Challenges to the development of large infrastructure projects”, what would you like the audience to remember after your session?
Infrastructures in Europe still depend too much on Governments/tax payers’ financing. We should work to enlarge the financing offer to build and modernize our infrastructures, especially through other institutional investors such as insurance companies and pension funds. The creation of pan-European plans offering pensions, healthcare and other social benefits across the EU, capable to collect important masses of money, could surely contribute to make such an offer available. In other advanced economies like Australia or Canada, big private investors already finance infrastructures in great part, with very interesting returns on their investments. Moreover, considering the high debt level of the EU Governments, such a solution might result beneficial for the public expenditure by keeping assuring, at the same time, the same high level quality of the European infrastructures.
Therefore, I hope that the audience will remember that the pan-European benefits plans promoted by CBBA-Europe will be positive also for the financing infrastructures in our Continent by alleviating the pressure on the public finances.