Insurance mediation

EESC opinion: Insurance mediation

See EESC opinion in all languages under Related documents at the end of this page.


Key points:

The EESC welcomes the Commission's initiative to revise the insurance mediation directive, and is broadly positive about the proposals. The reasons for the review are sound and most of the proposals are sensible. The information obligations set out in the proposal are broadly reasonable and beneficial for consumers.

The proposal requires that insurance intermediaries and insurance undertakings take measures to identify conflicts of interest that might arise when mediating insurance products, and that they inform customers of such conflicts. The EESC regards this as important and agrees with the intention of the proposal, but it believes that it could be improved in certain respects.

For more information please contact the INT Section Secretariat