EC report threatens intervention in insurance market

Andrew Hobson, a competition expert at RPC, said: “The EC is clearly marking the insurance industry’s cards. Whilst the EC’s processes may, at times, seem glacial I don’t think this report allows us too much room for complacency.”

According to RPC areas of risk for the insurance industry in London presented by the EC’s report include:

EC’s view that widely used “best terms and conditions” clause may be illegal Proposal to allow the insurance industry’s block exemption from elements of

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