< Regulars | 05.07.2017

EIOPA produces draft Insurance Product Information Document (IPID) template

EIOPA produces draft Insurance Product Information Document (IPID) template

Under the European Union Insurance Distribution Directive (IDD), manufacturers of insurance products will be required to provide consumers with standard information for a policy, similar to a policy summary, prior to sale.

The European Insurance and Occupational Pensions Authority (EIOPA) has drafted a suggested template which is designed to help consumers make more informed decisions.

To download a copy of the draft IPID template visit: http://bit.ly/2lGQjq8

Share

Related articles

Firms falling short on renewal expectations

Firms falling short on renewal expectations

In October 2017, the UK Financial Conduct Authority (FCA) revealed that it has been monitoring how firms have implemented the consumer renewal disclosure rules, which came into force in April 2017.

FCA discussion paper on impact on consumers

FCA discussion paper on impact on consumers

The regulator has released a discussion paper on how it intends to assess the impact of its interventions on consumers, firms and markets.

Solvency II – one year in

Solvency II – one year in

Executive Director of Insurance Supervision at the Bank of England, David Rule, spoke at the Association of British Insurers to reflect on the Bank of England’s approach to the implementation of Solvency II...