Lower income households tend to be disproportionally affected by unexpected life events and economic shocks. Unlike higher income households, they often have fewer financial buffers at their disposal and lack comprehensive insurance coverage.
Enhanced access to financial services for low income households and small businesses can help to reduce their vulnerability and increase their resilience. For example, some insurance solutions can provide compensation to households affected by financial shocks (such as a fire, sudden unemployment or an accident). In many cases, such risks are not at all or only partially covered by social security systems.
During this CEPS high-level roundtable, a selected group of decision makers, academics, business representatives and other key stakeholders will discuss the various insurance solutions that could increase both individual and collective financial resilience in the EU.