Tag: Insurance Distribution / IDD

#IDD: EIOPA plans a series of InsurTech roundtables for 2017

When Gabriel Berndardino, the chair of the European Insurance & Occupational Pensions Authority (EIOPA) delivered the key note speech at yesterday’s  6th EIOPA Annual Conference in Frankfurt, he told delegates that, whilst there’s always been change, “the change coming from the digital era is different:  … it is not incremental; […]

#IDD: Insurance Europe responds to EIOPA’s technical advice on delegated acts – conflicts of interest & commission payments

Insurance Europe (IE) has published its response to EIOPA’s “Consultation Paper on Technical Advice on possible Delegated Acts concerning the Insurance Distribution Directive” (IDD). IE argues that, in “a number of instances“, EIOPA’s proposals “go beyond the rules set out in the IDD“. For example: On product oversight & governance, IE […]

Payment services & e-banking: is information “provided” on a “durable medium” if it’s sent by email

BAWAG PSK Bank, Austria provides e-banking services. To do this, it creates a mailbox for every BAWAG e-banking customer, which is accessible by logging on to the BAWAG e-banking system. BAWAG sometimes sends messages to these mailboxes, without sending an email to the private email address of its customers as well. Is this enough to […]

#IDD / #IMD2: EIOPA launches online survey about future Guidelines – Quick! the deadline’s 25 September 2016!

The European Insurance & Occupational Pensions Authority (EIOPA) has launched an online survey, seeking views about the scope of, and the nature of the products that should be covered in, its Insurance Distribution Directive Guidelines “for the assessment of insurance based investment products (IBIPs) that incorporate a structure which makes it difficult for the […]

FCA tries to encourage consumers to shop around before renewing a general insurance policy

The FCA has made a rule that it hopes will encourage consumers to shop around before deciding whether to renew a general insurance policy with their existing provider.

#IDD / #IMD2: EIOPA issues Preparatory Guidelines on Product Oversight & Governance Arrangements for insurers and distributors – next steps

The European Insurance and Occupational Pensions Authority has published its “Preparatory Guidelines on Product Oversight and Governance arrangements for manufacturers and distributors of insurance products” in all of the official languages of the EU.  

#IDD / #IMD2: EIOPA publishes preparatory guidelines on product oversight & governance

The European Insurance & Occupational Pensions Authority (EIOPA) has published its “Final Report … on Preparatory Guidelines on Product Oversight and Governance arrangements by insurance undertakings and insurance distributors“. These Guidelines are intended to help insurance manufacturers and distributors prepare for compliance with the product oversight and governance requirements in the Insurance Distribution Directive (IDD). The […]