Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-19-Speech-5-085"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20000519.5.5-085"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"I would particularly like to express my own gratitude to Mr Langen for his report and for the great clarity with which, in writing and in his presentation today, he has brought to our attention what this is all about.
I am glad to say that the Committee on Legal Affairs and the Internal Market is in substantial agreement with Mr Langen and finds no legal obstacles to this bloc exemption regulation.
As Members of the House will know, the bloc exemption creates exemptions from normal competition law, of the kind Mr Langen mentioned, in relation to the calculation of premiums where net premiums may be jointly calculated by insurers. Secondly, in the establishment of standard policy conditions for direct insurance and common models illustrating profits from insurance policies involving an element of capitalisation.
It also creates an exemption to make possible co-insurance, common coverage of certain risks and, finally, the coordination of technical specifications for safety equipment and procedures. The Commission says in its report that it is disappointed that the insurance industry has not taken up as much of that as it might have done.
These are all areas where it seems clear that there is a genuine public interest in not insisting on the strictest rigours of competition law. What that draws to our attention, in a philosophical way, is that even in a competitive market, insurance is inherently a collective activity in which people share risks among themselves. If I might make a remark about a currently controversial topic in my own country, I think it is a pity to see such vigorous efforts being made to de-mutualise excellent old mutual assurance companies which fully express the collective aspect of insurance, and I am sad to think of a raid being made on the Standard Life in this way."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata |
"Affairs and the Internal Market."1
"draftsman of the opinion of the Committee on Legal"1
|
Named graphs describing this resource:
The resource appears as object in 2 triples