Javier Vercher-Moll
Volume 21
Issue 1
PUBLISHED
Fall 2014
Abstract
Regulation (EU) No. 1094/2010, which established a European Insurance and Occupational Pensions Authority, may involve a major change to the management and supervision of private insurance in Spain and in the European Union. This Article analyzes the evolution from the original Insurance Committee, which had only advisory functions, to this new Authority, which has been given decision-making functions in addition to its advisory role. The Article concludes by suggesting that, in the future, this new Authority will be the sole supervisory body operating in all Member States, demonstrating a progression toward a new conception of supervision and regulation of insurance—or perhaps another step toward Community-wide integration.