| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/00/1048 (25.9.00) |
| Publication Date | 25/09/2000 |
| Content Type | News |
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The Commission has adopted a proposal for a Directive on insurance intermediation aimed at improving the working of the single market in insurance. The proposal has a dual purpose: to make it easier for insurance intermediaries to avail themselves of the freedom of establishment and freedom to provide services while guaranteeing a high level of protection for the interests of customers. It will help improve the functioning of the single insurance market by increasing the supply of insurance products in the European Union while guaranteeing proper protection of consumers' interests. Furthermore, in order to ensure that the legal framework applicable is clear and coherent, the Directive, once it has been adopted, will replace a 1977 Directive, becoming the only binding Community instrument for insurance intermediaries. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/00/1048&format=HTML&rapid=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
