Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-152-000"
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"en.20111013.19.4-152-000"2
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"Insurance guarantee schemes (IGSs) represent consumers’ final protection in cases where insurance companies are unable to meet their contractual obligations. It is a tragic fact that of the 30 countries making up the EU-EEA, only 12 have at least a general insurance guarantee scheme. This means that if an insurance company goes bankrupt, one third of the entire insurance market in the EU-EEA is not covered by any guarantee. Since this represents 26% of life insurance policies and 56% of general insurance policies, I consider that European citizens should benefit from IGSs to protect them against the risk of compensation claims not being honoured by insurance companies which have declared insolvency."@en1
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