Day 2 - Workshop on legal enforcement in insurance sector

Workshop on legal enforcement in insurance sector
21 October 2014, Chengdu, Sichuan Province
Qingcheng Garden Hotel, No 303, Da Shan Road, Qingcheng Mountain town, Dujiangyan
Agenda

08:30-09:00
09:00-09:50

Registration
Opening remarks
Representative from Sichuan Development and Reform Commission
Mr MA Hanxuan, Mayor of Dujiangyan City, Dujiangyan Municipal Government
Mr XU Kunlin, Director-General of Price Supervision and Anti-Monopoly Bureau, National Development and Reform Commission
Mr Torben TOFT, Principal Administrator (International Relations, A-5), Directorate General for Competition, European Commission, Brussels

Moderator: Ms Hilary JENNINGS, Special Adviser on Competition Policy, EUCTP II

Part I: Insurance

09:50-11:00
(tea break will be decided by moderator depending on the progress of the discussion)

Session I – Horizontal co-operation between insurance companies
Overview:

  • Characteristics and evolution of the EU insurance sector
  • Current competition regime in the EU for horizontal co-operation between insurers: Regulation (EU) No 267/2010 and Commission Communication 2010/C 82/02 – the rationale for "block" exempting certain forms of horizontal information exchange contrary to others – which information exchange makes markets work better? When are consumers harmed?
  • Cooperation on general conditions of dealing, including: the setting of insurance premiums and/or the level of commissions paid to intermediaries/agents; potential for information exchange in oligopolistic versus fragmented/non-oligopolistic markets.

09:15 – 10:15 Presentations by:

10:15 – 11:00 Q&A Session

11:10 -12:00

Session II – Vertical co-operation between insurance companies and intermediaries/agents
Overview:

  • Characteristics of the relationship between insurance companies and intermediaries/agents selling their policies
  • Competition problems arising from insurance distribution arrangements, including exclusivity, territorial and customer sales restrictions; the potential for vertical agreements to limit e.g. market access and cross-border supply by companies within the EU

11:00 - 11:40 Presentation by Mr Lukas REPA, DG Competition
11:40 - 12:00 Discussion with Mr Renato FERRANDI, Italian Competition Authority

12:00-12:30 Q & A session

12:30-14:00

Lunch

Part II - Banking

14:00-16:00
(Coffee break will be decided by moderator depending on the progress of the discussion)

Co-operation between banks in the payment card market
Overview:

  • Characteristics of payment card schemes and the operation of multilateral interchange fees
  • Assessment of card scheme rules not regulated by Central Banks – how competition authorities have drawn the line between pro-competitive and anti-competitive measures
  • Examples of the European Commission’s interventions to modify card scheme rules for the benefit of consumers

14:00 – 14:50 Presentation by Mr Lukas REPA, DG Competition
14:50 – 15:10 Presentation by Ms Mariana TAVARES, Head of Cabinet of the President, Portuguese Competition Authority
15:10 – 15:30 Discussion with:

  • Mr Sheldon MILLS, Senior Director, Mergers, Competition and Markets Authority of UK
  • Mr Renato FERRANDI, Italian Competition Authority

15:30 – 16:00 Q&A Session

Part III- International Enforcement Co-operation

16:00-17:15
(Coffee break will be decided by moderator depending on the progress of the discussion)

Overview:

  • Drivers of international co-operation and areas of international co-operation
  • Practical aspects of international enforcement co-operation: sharing information (including confidential information); confidentiality waivers in leniency applications; coordinating investigations (including dawn raids); discussions about case analysis
  • Improving international co-operation in cross-border cases

16:00-17:00 Session I: DG COMP experience with international enforcement co-operation
Presentation by Mr Torben TOFT, Principal Administrator (International Relations, A-5), Directorate General for Competition, European Commission, Brussels
17:00-17:15 Q &A Session

[Consecutive interpretation both from English-Chinese and Chinese-English provided]