The EC publishes its final report on the effectiveness of competition in the commercial insurance sector

On 25 September 2007 the European Commission (“Commission”) published its final Report on the effectiveness of competition in commercial insurance in the EU [1] . The Report follows the publication of an interim report at the beginning of 2007, and a substantial two-year investigation during which hundreds of detailed market questionnaires were sent out to industry participants. The Report’s main findings are concerns with: alignment of premiums in reinsurance and coinsurance; transparency and remuneration of brokers; the justifiability of the EU Block Exemption for insurance [2] ; and the existence of certain long-term contracts. The Commission has indicated it will not pursue any suspected historic infringements of EU competition law, preferring rather to allow the industry the

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Winston & Strawn (London)
  • Akin Gump Strauss Hauer & Feld (Washington)

Quotation

Peter Crowther, David S. Turetsky, The EC publishes its final report on the effectiveness of competition in the commercial insurance sector, 25 September 2007, e-Competitions September 2007, Art. N° 37346

Visites 259

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues