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The CEA is disappointed over the Commission proposal to exclude standard policy conditions and security devices from the Block Exemption Regulation renewal.
The Insurance BER defines areas in which certain co-operation agreements in the insurance sector are exempt from EU competition law.
The CEA disagrees with the Commission’s proposal not to renew the sections of the BER that would enable insurers to jointly establish and distribute non-binding standard policy conditions or to co-operate in providing specifications for security devices. In both areas, the Commission proposes issuing guidance rather than renewing the BER.
“Without the legal certainty that the BER provides, there would likely be a significant drop in such co-operation, to the detriment of insurance buyers,” said Michaela Koller from the CEA said. “We would urge the Commission to reassess its preliminary position during the forthcoming consultation.”