Insurance EuropeInsurance Europe
Position Paper
Response to EIOPA consultation paper on the proposal for guidelines on product oversight and governance arrangements by insurance undertakings

Insurance Europe agrees that insurance undertakings are responsible for the design of their products and bringing to market products that are appealing for consumers. Insurance undertakings have an inherent commercial interest in achieving consumer satisfaction and as a result, consumer needs are already an essential factor in the insurance undertaking’s internal product design process. Moreover, it should be stressed that it is already possible for supervisory authorities to intervene if a product poses a threat to consumers.

Published 26 January 2015
Arthur Hilliard
Arthur Hilliard
Policy advisor