European Insurance and Occupational Pensions Authority's (EIOPA) contribution to the supervision of and financial stability in the EU's insurance sector

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      <subfield code="a">The insurance sector plays an important role in the EU economy. Insurance allows businesses and individuals to transfer the risk of uncertainty and its potentially costly financial outcome. It contributes to economic growth and financial stability by taking on risks and mobilising savings. Failure on the part of insurance companies to play this role could potentially disrupt the operation of the financial sector and thus negatively affect the real economy and consumers' well-being.</subfield>
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