Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Przegląd tematyczny Ubezpieczeń Spłaty Kredytu (CPI) sprzedawanych za pośrednictwem banków

CREDIT PROTECTION INSURANCE (CPI) SOLD VIA BANKS

EXECUTIVE SUMMARY

The European Insurance and Occupational Pensions Authority (EIOPA) with the support of National Competent Authorities (NCAs) have conducted a thematic review, looking at the functioning of the EU market for credit protection insurance (CPI) products sold via banks (acting as insurance intermediaries) and how well it succeeds in delivering good consumer outcomes. The thematic review focused on identifying potential sources of conduct risk and consumer detriment in order to allow EIOPA and NCAs to take relevant policy and supervisory measures if needed. More generally it sought to assess whether consumers are being treated fairly and being placed at the heart of ‘bancassurance’ business models .

CPI type of products have been in the spotlight of NCAs in some markets for a decade and supervisory actions have been taken in the past and/or national specific national legislations have been adopted (see Annex II and Annex III)....