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18 March 2008

CEA – collective redress schemes should not result in disincentives for business




CEA notes that any new EU initiative on collective redress systems should be based on evidence that it will address a clearly identified consumer detriment and must be a proportionate response to the problem identified. Responding to the consultation on collective redress benchmarks, CEA strongly supports the use of alternative dispute resolution systems and out-of-court mechanisms to resolving disputes between insurers and customers.

 

CEA also notes that any collective redress schemes that are developed, supported by the Commission’s benchmarks, do not result in a disincentive for business to use insurance as a mechanism to protect their interests.

 

CEA paper on collective redress



© CEA - Comité Européen des Assurances


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