An Expert Group, set up by the European Commission, has issued a
report identifying barriers to cross-border trade in insurance law
across EU Member States. The Expert Group, composed of 20 members
from 12 Member States and with different occupational experiences,
was tasked with identifying if and to what extent contract law
differences hinder cross-border provision and use of insurance
products.
The report finds that differences in contract laws impede the
cross-border supply of insurance products by increasing costs,
creating legal uncertainty and making it hard for consumers and
businesses to take out insurance in other EU Member States. For
example, a person moving to another EU Member State may have to
take out a new car insurance policy.
