05 December 2018

Insurance Europe: Trade bodies raise concerns on European Commission collective actions proposals

Insurance Europe has — along with more than a dozen other business organisations — signed a joint statement that raises concerns about the European Commission’s collective actions proposals.

The statement calls for proper safeguards to be imposed on qualified entities, which are organisations that can start a collective action or seek an injunction against a company on behalf of consumers. It also warns about the risks of letting collective actions become assets.

In addition, the statement highlights the dangers of agreeing a text too quickly and without due regard to its implications for consumers and traders.

It comes at a critical time: on 6 December the European Parliament’s Legal Affairs Committee is scheduled to vote to adopt its report.

Joint statement

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