New placing guidelines for European subscription markets gain EC blessing
The European Commission has approved in principle a new set of guidelines for (re)insurance intermediaries involved in coinsurance and subscription market business, which would see clients consulted before placement on the best structures available, effectively ending of the automatic assumption that subscription market placements should follow the practice of premium alignment.
Bipar, the European Federation of Insurance Intermediaries, has published a framework of ‘high level principles’ for brokers involved in coinsurance placements as a response to a challenge from the
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