Consumer and Conduct requirements for insurers - IDD, POG, PRIIPS and beyond
An abundance of actions is being driven by the European Commission under its policy objective of improving consumer choice and protection mechanisms in the financial services sector as a whole.
Specific legislative actions that have already been taken in pursuit of the Commission’s policy objectives include the following:
- The Insurance Distribution Directive (IDD) to take effect from February 2018
- Product Oversight and Governance rules (POG) to take effect through Preparatory Guidelines in January 2017
- Packaged Retail and Insurance-based Investment Products (PRIIPs) regulations to take effect from January 2018
The presenters will summarise the actions being taken at EU level and set out views of the opportunities and challenges these initiatives pose for firms. A particular focus will be given to the IDD and POG.
To varying extents some of the requirements apply to all retail financial services, including insurance (life insurance investment, savings and protection as well as non-life insurance), banking and asset management.
To access podcast please contact the Society: info@actuaries.ie