In January 2007, the European Commission published an interim report on its ongoing business insurance inquiry, launched in April 2005. The inquiry was sparked by the Commission's concerns that the European business insurance sector showed signs of distortions of competition. On February 9, 2007, the Commission organized a public hearing in Brussels where various issues identified in the interim report were publicly debated by interested third parties. The hearing focused on horizontal cooperation between insurance companies and the lack of transparency in the intermediary market. In parallel, the Commission has launched a public consultation, inviting third parties to submit comments. The public consultation ends on April 10, 2007.
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