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“Regulating Insurance in the EC: A Model for Global Services Liberalisation?”

Muller, Henrike. (1999) “Regulating Insurance in the EC: A Model for Global Services Liberalisation?”. In: UNSPECIFIED, Pittsburgh, PA. (Unpublished)

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    This paper examines the European Community’s regulatory regime for insurance with a view to current efforts to achieve a greater degree of market liberalisation on the global level. It draws on Peter Holmes’ and Alasdair Young’s argument that the EU has pioneered trade liberalisation in a number of sectors, an experience which is a potential model for multicultural trade liberalisation. The paper describes the evolution of the European method of insurance liberalisation by looking first at the pre-single market stage with its focus on market access and non-discrimination within national markets. Second, the method by which insurance liberalisation was achieved as part of the single market programme is analysed: mutual recognition of standards and minimum harmonisation of rules. Progress in market liberalisation relied heavily on the development of an Article 36 equivalent for financial services. The result is a European regime with a high degree of internal variation in regulatory goals, objectives and “philosophies.” The final section looks at how far this approach lends itself to emulation at the international level. It is the contention of the paper that the scope for transposition is minimal. The EU method of insurance liberalisation is less of a model for global service liberalisation and more a lesson in the limits to cross-border liberalisation.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 1999 (6th), June 2-5, 1999
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 14 Dec 2006
    Page Range: p. 23
    Last Modified: 15 Feb 2011 17:22

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