The European Commission is reportedly reconsidering certain antitrust exemptions offered to the insurance industry.
The Commission has sent questionnaires to shareholders of the industry to gain insight into the opinion of the Insurance Block Exemption Regulation, which allows certain agreements between insurance companies that would normally be against competition rules. According to reports, agreements regarding joint studies and compilations, and agreements regarding common coverage are both allowed.
But the Commission is reportedly seeking comment on whether the exemptions are justified and whether they should be revised. Respondents have until November 4 to respond to the questionnaire.
The IBER is set to expire in March 2017.
Full content: FTSE Global Markets
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI