Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-284-000"

PredicateValue (sorted: default)
rdf:type
dcterms:Date
dcterms:Is Part Of
dcterms:Language
lpv:document identification number
"en.20111012.20.3-284-000"2
lpv:hasSubsequent
lpv:speaker
lpv:spokenAs
lpv:translated text
"Madam President, the forthcoming introduction of the Solvency II Directive from 2013 will have a major impact on the European insurance market. At present, the directive does not protect consumers from losses if an insurance company fails, and the Committee on the Internal Market and Consumer Protection therefore recommends that the Commission harmonise an insurance guarantee scheme through the directive. A unified, legally-binding framework for the protection of insurance guarantee schemes based on minimum harmonisation looks like a good starting point. Certain problems may arise in countries without insurance guarantee schemes, particularly in relation to the cross-border activities of insurers. The EU does not have harmonised consumer protection standards, and providers operating in multiple national systems in accordance with the approach of the host country would therefore have to count on higher costs. The home country principle appears for now to be a more favourable alternative to an insurance guarantee scheme covering a larger geographical area of operation. The Commission, however, should use the remaining time to evaluate the open issues so that the desired objectives can be achieved when the Solvency II Directive enters into effect."@en1
lpv:videoURI

Named graphs describing this resource:

1http://purl.org/linkedpolitics/rdf/English.ttl.gz
2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz
3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

The resource appears as object in 2 triples

Context graph