Insurance Europe: Proposed PLD revision may undermine Europe’s competitiveness
19 May 2023
A group of industry representatives — including Insurance Europe — has released a statement to warn against the potentially adverse consequences of rushing institutional negotiations on the proposed revision of the EU Product Liability Directive (PLD).
The signatories underscore that the proposed revision would alter long-standing and balanced rules that generally function well, highlighting that excessively rapid negotiations will result in sub-optimal legislation that will not only impose a heavy burden on judicial systems, but will also disincentivise manufacturers from innovating.
full statement
The signatories are:
- BusinessEurope — the confederation of European business
- COCIR — the European association representing the medical imaging, radiotherapy, health ICT and electromedical industries
- Ecommerce Europe — the voice of the European digital commerce sector
- EFPIA — the European Federation of Pharmaceutical Industries and Associations
- Eurochambres — the association of European chambers of commerce and industry
- EuroCommerce — the voice of the retail and wholesale sector in Europe
- European Justice Forum — promoting balanced, transparent and efficient access to civil justice for consumers and enterprises in Europe
- Insurance Europe — the European insurance and reinsurance federation
- MedTech Europe — the European association for the medical technology industries
- Orgalim — representing Europe’s technology industries
Insurance Europe
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