Insurance is currently carved-out from this Directive. In this respect it is treated differently from other financial services. I am not approaching this problem dogmatically, but with an open mind. We are looking for regulatory solutions that will allow insurance on the internet to flourish across-border. But we also realise the specificity of insurance.
Compulsory insurance raises special questions.
Insurance rules often overlap with national civil law e.g. use of genetic data. Insurance rules overlap with social security for example in health insurance or pensions. These issues cannot be ignored in the euphoria of the internet. These issues along with the more general ones I have raised, will need to addressed in Communication. Let me try draw the different threads together.