Traduction de «Co-reinsurance pool » (Anglais → Français) :

Co-insurance or co-reinsurance pools can, in certain limited circumstances, be necessary to allow the participating undertakings of a pool to provide insurance or reinsurance for risks for which they might only offer insufficient cover in the absence of the pool.

1. As concerns co-insurance or co-reinsurance pools which are created in order exclusively to cover new risks, the exemption provided for in Article 5 shall apply for a period of three years from the date of the first establishment of the pool, regardless of the market share of the pool.

This Directive should not apply to managers of non-pooled investments such as endowments, sovereign wealth funds, central banks or credit institutions, institutions for occupational retirement provision or those institutions exclusively managing funds for occupational retirement provisions, or insurance or reinsurance undertakings for assets held on own account, or an undertaking which principally acts as an holding entity for a group of subsidiary undertakings and which owns strategic stakes in undertakings with a view to long-term holding rather than for the purpose of generating returns through divestment within a defined time-frame, ...[+++]to be regarded as a collective undertaking.

3. Agrees with the Commission that the block exemption Regulation for the insurance industry has proved its worth, overall, albeit leaving a host of unresolved questions for individual areas such as agreements on the formation of co-insurance or co-reinsurance pools;

Rather than adopting hundreds of individual exemption decisions, the Commission adopted in 1992 a block exemption regulation granting exemption, with conditions, to agreements between insurance undertakings in four categories: agreements concerning the joint calculation of risk premiums, those concerning standard policy conditions, co-insurance and reinsurance, pooling arrangements and agreements adopting standards for safety equipment.

9. Calls on the Commission to extend block exemption in line with the three-tier economic approach it has developed, as only a small proportion of co-insurance and co-reinsurance pools come under existing exemption arrangements under Articles 10-13;