Text tabled : A7-0243/2011

  Georgios Papanikolaou (PPE), in writing. – (EL) The European Parliament has repeatedly stated its position on the need for convergence between the laws of the Member States on the question of insurance. Solvency II, which will enter into force in 2013, creates a new Community framework within which the exposure to risk from insurance will be reduced, along with uncontrolled bankruptcies of insurers. Nonetheless, the Commission proposal still does not specifically focus on the issues of consumer protection in the event of the bankruptcy of an insurer, of consumer protection regardless of the insurer’s state of origin and of safeguarding citizens in the event of fraud or abusive policies from an insurance product. The European Parliament report, which I voted in favour of, focuses on these parameters.