CEA concerned about impact of partially renewed insurance BER
The CEA, the European insurance and reinsurance federation, is concerned that the only partial renewal of the Insurance Block Exemption Regulation, as adopted today by the EU College of Commissioners, will reduce cooperation between insurers, to the detriment of consumers.
The new Block Exemption Regulation, which will prohibit practices restrictive of competition, will come into force on 1 April and will be valid until 31 March 2017.
The European Commission has decided
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