EU regulation should allow insurers to put customers first
Thursday, 05 26 2016, Category: Insurance and Reinsurance, Country: Europe
Policymakers must take action to ensure that EU and international regulation allows insurers to continue to put consumers at the heart of their business in the future, according to Insurance Europe.
For that to happen, rules need to be clear, simple, fit-for-purpose and well tested, said the European insurance and reinsurance federation. Unfortunately, there are numerous examples of where European legislation — despite being well intentioned — is none of these things, according to Insurance Europe’s president, Sergio Balbinot, in his opening speech to the federation’s 8th Annual International Insurance Conference.
Source: Intelligent Insurer