Zurich Insurance CEO Calls for European Innovation

At the World Economic Forum in Davos, Zurich Insurance Group Ltd. CEO Mario Greco emphasized the urgent need for Europe to accelerate its pace of innovation.

"Europe is always lagging behind. It’s always busy with itself ... In a world which is going very fast forward, with lots of innovation, it's a wake-up call, again, for Europe. And I hope that Europe takes it seriously," Greco stated. He highlighted that the continent's heavy focus on regulation is hindering its growth, particularly in the realm of new technologies.