Kroes "Alarmed" over Insurers Neglecting Regulation

89 views · Published 2 June 2009 · 1:05 · Indexed 20 September 2026

Channel: Euractiv · 2009 · News & Politics

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Neelie Kroes, Member of the European Commisison in charge of Competition, opened this morning in Brussels the Insurance Block Exemption Regulation (BER) Conference where stakeholders are expected to submit orally their views on the renewal of the regulation. 

The BER, which will expire on 31 March 2010, exempts certain agreements between insurance companies from EC Treaty antitrust rules' ban on restrictive business practices.

Agreements currently covered by the BER include the establishment of non-binding standard policy conditions, the exchange of statistical information for the calculation of risks and the creation of insurance pools.

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