An expanded single insurance market by combining the EC with the European Free Trade Area subject only to the exclusion of Switzerland. EFTA take part on the basis of all three generations of Insurance Directives. Switzerland takes part only in connection with the first two generations. This gives Switzerland access to the EC’s non-life market with EC insurers gaining reciprocal access to the Swiss non-life market.
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The member states of the European Union plus Norway, Iceland and Liechtenstein.