Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-154-500"
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"en.20111013.19.4-154-500"2
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"The need for greater consumer protection and guarantees, particularly in the light of the recent financial crisis, has been proven to apply to the insurance market, too, especially when an insurer goes bankrupt. Insurance guarantee schemes, or IGSs, serve precisely to insure people against possible risks. This report proposes greater harmonisation of IGSs at European level so as to cover the risks that may arise in the event of cross-border insurer default. It is right to adopt the ‘home’ country principle in order to apply supervisory measures, but the EIOPA, the European authority created for the very purpose of supervising the European insurance system, should also play a key role. Consumers are very much central to this report, with numerous references to greater consumer protection and guarantees. For all these reasons, I voted in favour."@en1
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