CEA responds to EC consultation on Insurance Guarantee Schemes

09 July 2008

The CEA is calling on the Commission to carry out a full assessment of existing national arrangements before deciding on any further steps. An EU directive harmonising IGS in all Member States would be difficult to achieve, CEA notes.

The CEA is calling on the Commission to carry out a full assessment of existing national arrangements before deciding on any further steps. “An IGS might be an appropriate solution in some markets, while in others the objective of consumer protection might better be achieved via other arrangements,” director general Michaela Koller said.

 

An EU directive harmonising IGS in all Member States would be difficult to achieve, Koller said, noting that some EU Member States have adopted alternative mechanisms that are adapted to the particularities and needs of respective markets. The CEA therefore recommends that the Commission undertakes a further analysis of these alternative national arrangements.

 

Press release

Position paper

 

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