The directive covers non-life insurance, life insurance and reinsurance companies.

On 1 March 2012, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Talanx International AG (‘TINT’, Germany) and Meiji Yasuda Life Insurance Company (‘MY’, Japan) acquires within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of Towarzystwo Ubezpieczeń i Reasekuracji Warta SA (‘Warta’, Poland), with the exceptions of its subsidiaries Powszechne Towarzystwo Emerytalne WARTA SA and KBC Towarzystwo Funduszy Inwestycyjnych SA, by way of purchase of shares ...[+++].

This White Paper applies to all life and non-life insurance companies, including those which offer both types of product.

Rules on clearing OTC derivative contracts, reporting on derivative transactions and risk-mitigation techniques for OTC derivative contracts not cleared by a CCP should apply to financial counterparties, namely investment firms as authorised in accordance with Directive 2004/39/EC, credit institutions as authorised in accordance with Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions , insurance undertakings as authorised in accordance with First Council Directive 73/239/EEC of 24 July 1973 on the coordination of laws, Regulations ...[+++] and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life insurance , assurance undertakings as authorised in accordance with Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance , reinsurance undertakings as authorised in accordance with Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance , undertakings for collective investments in transferable securities (UCITS) and, where relevant, their management companies, as authorised in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) , institutions for occupational retirement provision as defined in Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision and alternative investment funds managed by alternative investment fund managers (AIFM) as authorised or registered in accordance with Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers

EUROVOC descriptor: freedom to provide services insurance company life assurance right of establishment insurance law

The directive covers non-life insurance, life insurance and reinsurance companies.