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E-commerce directive (17)
Distance marketing directive (29)
Solvency II directive (39)
PRIIPs regulation(27)
Sales disclosures
Product disclosures
Distance marketing directive (29)
Life directive (20)
IMD (9)
Data protection directive (4)
E-commerce directive (17)
General data protection regulation (13)
Product disclosures
Sales disclosures
Tomorrow: 161Yesterday: 79
Duplicative rules
IDD PRIIPs chapter
Duplicative rules
IDD Standard
Duplicative rules
EU disclosure requirementsincluding duplications (on-line sale by a broker)
Consumer’s purchaseof an insurance-based
investment product
Paper as default option
Fit for digital?
Solvency II disclosures on top of KID
PRIIPs KID
Insurance Europe’s IPID
Layered approach
Fit for paper and digital
NON-INSURER
REGULATEDINSURER
REGULATORYSANDBOX
2-5%
95-98%
Covered so far by Solvency II Review and CMU work
Still needs to be covered
€9 900bn of investments
NOW
Short-term “trading” approach
2020 REVIEW
Long-term approach
EXPERT GROUP
SOLVENCY II
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