The Role Played by EIOPA in the Developments in the Insurance Sector European Consumer Protection Model

Jan Monkiewicz and Marek Monkiewicz ()
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Jan Monkiewicz: Warsaw University of Technology
Marek Monkiewicz: University of Warsaw

Chapter Chapter 5 in Life Insurance in Europe, 2020, pp 59-71 from Springer

Abstract: Abstract In the aftermath of the global financial crisis, financial consumer’s protection has become an important element of global regulatory debate. European answer to consumer protection in insurance was predominantly located in the consumer’s protection agenda of Eiopa. The paper is split into three parts. In the first part, we set the global framework. In the second part, we concentrate our attention on the analysis of consumer protection as a part of the global agenda. Finally, in the third part, we focus our attention on the role and performance of the European Insurance and Occupational Pensions Authority in the protection of consumers in the insurance sector.

Keywords: Financial consumer protection; European Insurance and Occupational Pensions Authority (EIOPA); New regulatory and supervisory paradigm; Washington and Basel consensus; Key information document tool for packaged retail and insurance-based investment products (KID for PRIIPs); Product oversight and its governance system (POG arrangement) (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-030-49655-5_5

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DOI: 10.1007/978-3-030-49655-5_5

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