Eurochambres has signed a Memorandum of Understanding with Generali Insurance under which they will cooperate so as to promote and implement a potential pandemic risk pool against future pandemic risks.
Eurochambres is the Association of European Chambers of Commerce and Industry representing more than 20m businesses across 43 countries – of which over 93% are small and medium-sized enterprises (SMEs).
The participation in the pandemic risk pool project is expected to be broadened to involve European institutions, EU member states and other leading European players in the creation of public-private partnerships and mechanisms that will provide a buffer against future risks.
Generali Group CEO Philippe Donnet said the European recovery fund represents a strong political sign that Europe is there to help its citizens in times of crisis, and Generali wants to be part of this commitment by supporting the European response to COVID-19 that started with the €100m international fund the insurer launched in March 2020.
Mr Donnet and European Commission executive vice president Valdis Dombrovskis have also discussed Europe-based and harmonised solutions to address the negative impact of COVID-19, as well as the contribution of the insurance sector in overcoming the crisis with particular regard to the anti-pandemic emergency fund.