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
The UK Financial Conduct Authority (FCA) has published the first of two consultation papers on implementing the Insurance Distribution Directive (IDD).
Measures to change the way compensation payouts are calculated have been unveiled by Lord Chancellor David Lidington.
In his keynote speech to the Hong Kong Monetary Authority, FCA chief executive Andrew Bailey defined what the regulator means by ‘culture’