The next EU Financial Law clinic at KU Leuven will focus on insurance-based investment products within the framework of European financial regulation.
This clinic will critically assess EU financial regulation on insurance-based investment products.
In the light of the European Commission’s Capital Markets Union Action Plan and planned Retail Investment Strategy, David Cowan (EIOPA) and Virginia Schreurs will tackle three crucial questions:
- How to manage the combination of different information requirements (PRIIPs, IDD, Solvency II, distance marketing directive), taking into account bounded rationality of investors-policyholders?
- How to reconcile the different goals of information requirements (short, comparable and understandable), taking into account regulatory and liability risks?
- Is current regulation stemming from banking and securities law sufficiently adapted to the insurance sector (inducements and product governance regimes; conflicts of interests, remuneration and sales incentives; distribution models; anti-money laundering framework; …)?
Afterwards, the chair of the Belgian supervisor FSMA will highlight the experiences of the Belgian supervisor with the supervision of insurance-based investment services.
As usual, there will be ample room for questions and discussion.
- David Cowan, Team Leader Conduct of Business Policy, EIOPA
- Virginia Schreurs, Sustainability Manager and Policy Advisor Life Insurance, Assuralia
- Jean-Paul Servais, Chair of the Belgian Financial Services and Markets Authority (FSMA), Vice Chair of the IOSCO Board
- Date: 10 December, 12.30 – 3:00 pm
- Venue: Livestream (link to be provided by email a few days in advance)
- Fee: 125 EUR
- Attorneys (OVB / OBFG): bar certificate available on request
- Compliance officers (FSMA / NBB): 2.5 pts
- Registration: Please register via the following link. Please note that KU Leuven requests you to create an account once and saves your information for future registrations.