The block exemption regulation in the insurance sector, which provides exemptions from the EU rules on anti-competitive practices under certain conditions for certain types of cooperation in this sector, will expire on 31 March 2017, the European Commission stated on Tuesday 13 December. This settles the debate it has had over several months on the possibility of prolonging the regulation.
As long ago as 2010, the Commission concluded that two of the four exemptions authorised under the...