An end to collaboration?
The block exemption regulations covering insurers across the European Union ends on 31 March next ye...
The block exemption regulations covering insurers across the European Union ends on 31 March next year. Julie Nazerali highlights what this could mean for the profession.
For the past 15 years or so, the insurance industry within the European Union has benefited from a block exemption regulation that has allowed insurers to work together over certain practices that would otherwise breach competition rules. This exemption has allowed collaboration in such areas as:
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