Which regulation for the reinsurance intermediaries: present and future of the directive 2002/92/EC


Author considers numerous consequences of non-regulation of reinsurance mediation by the Directive 2002/92/EC on insurance mediation. Author devotes special attention to the necessity to apply rules of insurance mediation regarding clear communication and duty to provide documents to reinsurance mediation and analyzes indirect impact of non-existence of the codes of conduct in reinsurance mediation and unfair competition on insurance price. Author provides certain suggestions to counteract these drawbacks for the forthcoming launch of the procedure of revising the said Directive.