Extracts from the keynote speech by Neelie Kroes on renewal of Insurance Block Exemption Regulation
On 2 June, Neelie Kroes, Member of the EC in charge of Competition, gave the keynote speech to the Insurance Block Exemption Regulation (BER) Conference in Brussels where stakeholders are expected to submit orally their views on the renewal of the regulation.
The BER, which will expire on 31 March 2010, exempts certain agreements between insurance companies from EC Treaty antitrust rules' ban on restrictive business practices. Agreements currently covered by the BER include the establishment of non-binding standard policy conditions, the exchange of statistical information for the calculation of risks and the creation of insurance pools. SHOTLISTLINK