Regulatory Alerts2024-02-19
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EIOPA Seeks Feedback on Proposed Methodology for Value for Money Benchmarks for Unit-Linked and Hybrid Insurance Products
The European Insurance and Occupational Pensions Authority (EIOPA) launched a public consultation on its proposed methodology for setting value for money benchmarks for unit-linked and hybrid insurance products. The methodology outlines a three-step approach involving defining product clusters, establishing indicators, and calibrating benchmarks through data collection. EIOPA invites comments on the consultation paper, requiring responses to be submitted online by 15 March 2024.
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