In the business world, change is constant
The new mood barometer examines the topic of sustainable insurance. It becomes clear that the majority of consumers in Germany, Austria and Switzerland expect a high level of commitment from insurance companies when it comes to sustainability, transparency and traceability.
The new survey asked consumers how important sustainability is to them with regards to financial investments. While interest in sustainability in financial investments is increasing among the younger generation, security and return on investment remain the decisive aspects for older consumers.
The market and transformation pressure on Europe's banks continues unabated and competition among them is high. Despite the COVID19 crisis and Brexit, the banks with the best cost-income ratio are those that manage ESG risks better and integrate them into their operations, while at the same time investing heavily in their IT infrastructure.