The head of Finance made these remarks during the closing of the XII Galician Insurance Meeting, held in Santiago de Compostela, which brought together over 400 industry professionals. Corgos emphasized the need for the agent network to evolve and transform in the face of new scenarios.
Furthermore, the minister recalled that generational succession represents one of the major challenges for insurance companies, a problem similar to that faced by small and medium-sized family businesses. This situation, he noted, poses a risk to the viability of businesses and the transmission of accumulated knowledge.
To address these difficulties, the Galician government plans to include a new tax reduction in the 2027 Budgets. As Miguel Corgos explained, the existing 99% reduction in the Inheritance Tax will be extended to include relatives up to the third degree by affinity and employees with the strongest ties to the company.
The Minister of Finance and Public Administration congratulated the sector on the meetings, calling them an annual benchmark for discussing current issues that directly affect professionals in the present and future.
