Commission concerned
Neelie Kroes, the European Commissioner for Competition and the author of the European Commission's ...
Neelie Kroes, the European Commissioner for Competition and the author of the European Commission's competition enquiry, has stated in the report that widespread industry practices in the reinsurance and co-insurance markets involving the alignment of premiums may lead to higher prices for large risk commercial insurance, unless reforms are brought in. The Commission also expressed its concerns that the issue of transparency in remuneration and conflicts of interest might inflate prices and
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