Insurance Europe is the European (re)insurance federation

Our members are the national insurance associations in 34 countries, representing undertakings that account for around 95% of total European premium income, employ a little under one million people and invest nearly €9 600bn in the economy..

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The European insurance industry strongly supports the aim of the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation to provide consumers with a clear understanding of different investment products through the Key Information Document (KID). However, the final draft Regulatory Technical Standards (RTS) submitted by the European Supervisory Authorities (ESAs) to the European Commission on 7 April 2016 will not achieve this aim. As they stand, the final draft RTS will mislead consumers trying to compare different PRIIPs on the market.