Europe Economics was contracted by DG COMP of the European Commission to report on “Switching of tangible and intangible assets between different insurance products”. This study investigates supply-side substitutability in the context of large, unconventional non-life risk, such as nuclear, cyber and natural catastrophe. The study’s focus is on the ability of insurers to switch between different insurance products in the short-term, and on identifying the various constraints that may impede this process. CMS-Hasche Sigle provided legal input to the study. This work was conducted in the context of DG COMP’s review of the IBER, with further context available here
Ross Dawkins led this work for Europe Economics.