The European Commission has issued a questionnaire to seek the views of stakeholders on the functioning and the future of the Insurance Block Exemption Regulation (IBER). At present, the IBER exempts certain agreements between companies in the insurance sector from EU competition rules.
The purpose of the questionnaire is to consult on the application and future of the IBER, which is due to expire in March 2017. The Commission is also interested to hear about market developments and views on whether the regulation should be renewed, partially renewed or not renewed at all.
Submissions can be made until 4 November 2014. Based on the contributions received the Commission will submit a report to the European Parliament and the Council by the end of March 2016.