Study on co(re)insurance pools and on ad-hoc co(re)insurance agreements on the subscription market : new edition July 2014

This report is an amended version of the edition published in February 2013. The study was commissioned by the European Commission to Ernst & Young following a tender in 2011. It provides an overview of co(re)insurance pools after the adoption of the new Insurance Block Exemption Regulation (IBER) and ad-hoc co(re)insurance agreements on the subscription market as well as an analysis of similarities and differences between co(re)insurance pools and ad-hoc co(re)insurance agreements on the subscription market. The information gained through this survey will contribute to improving the level and extent of public information on these co(re)insurance schemes. The study was performed at EU27 level and will be used in the future review of the IBER (EU) No. 267/2010 , which will expire on 31 March 2017. The study also takes a closer look at market practices concerning adhoc co(re)insurance agreements, following up on the Commission's report on the Business Insurance Sector Inquiry, published on 25 September 2007.