18:35 14 October 2024
PZU: the insurance sector can create instruments to support energy transformation
Dawid Pachucki, chief economist at PZU, stated that the insurance sector can support Poland's energy transformation and enhance economic competitiveness through increased investments. He emphasized the need for approximately €750-800 billion annually in the EU to maintain competitiveness, citing energy transformation costs in Poland from 2026 to 2040 at around PLN 2.2 trillion. Pachucki highlighted the role of the insurance sector in facilitating rational risk-taking and fostering innovation, while also addressing concerns about global deglobalization, which could fragment trade and hinder growth.
He noted that rising trade barriers and an aging, indebted population in major economies could lead to persistent inflation, requiring significant investments to sustain competitiveness.
(ISBnews)
