The European Insurance and Occupational Pensions Authority (EIOPA) has launched today a public consultation on draft Guidelines on integrating the customer’s sustainability preferences in the suitability assessment under the IDD. The Guidelines stem from Commission Delegated Regulation (EU) 2021/1257 and aim at:
- Promoting a coherent application of the Delegated Regulation by insurance undertakings and insurance intermediaries across Member States and National Competent Authorities (NCAs);
- Restricting the potential for the mis-selling of insurance products with regard to the sustainability preferences of consumers; and
- Promoting a more convergent approach by NCAs in the supervision of insurance undertakings and insurance intermediaries.
