Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-06-12-Speech-3-300"

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"en.20020612.8.3-300"2
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"Mr President, the current draft proposal on cross-European insurance mediation ensures a high level of professionalism and competence among insurance intermediaries. Our common aim is to guarantee that all persons, natural and legal, pursing the activity of insurance brokerage are registered by a competent authority on the basis of a minimum set of professional requirements. A single registration system for intermediaries facilitates cross-border activities by way of freedom of establishment and freedom to provide services. The proposal also guarantees a high level of protection for customers' interests. Unfortunately the original Commission proposal did not take sufficient account of the diversity of European insurance markets. It would have imposed an unnecessarily heavy bureaucratic burden on many intermediaries, without increasing customer protection. Our amendments from the first reading referred explicitly to those whose main activity is not to sell insurance but rather to offer the standardised insurance contracts that have been in use in many countries for decades, for instance tourist assistance packages or car insurance offered by travel agencies and car dealers. Customer protection is a primary value in the insurance business of my home country and, yes, travel agents and car dealers are entitled to sell standardised products. Trouble-free years of experience have shown that the current practice is in the interests of both intermediaries and customers. Costs of insurance mediation must not be increased, especially when there is no benefit to customers. Nor is it useful for certain Member States to adopt more stringent provisions regarding information requirements, which bring no added value to the customer but merely distort competition between European providers. I am happy that my colleagues supported my amendments in the committee vote and I hope they will also support them tomorrow. The directive as it now stands in the second reading is a good draft, providing a reasonable compromise between the legitimate interests of Member States, insurance providers and customers."@en1
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