BETTER FINANCE response to the EIOPA consultation on Open Insurance

BETTER FINANCE strongly supports the intention to provide consumers with a clear and comprehensive view of their insurance policies, simplifying understanding and enabling easy product comparisons. BETTER FINANCE, however, has long called authorities themselves to centralize insurance/investment product information in order to enable (EU-wide) comparability tools. More generally, we also warn against the privatisation of such a comparison tool (dashboard as a use case), which would be run solely by certain market players and could therefore result in providing a partial view of existing offers, creating a lack of completeness in relation to the expected objective.

• Read online
• Download