The Insurance Product Information Document

On 1 August 2016, the European Insurance and Occupational Pensions Authority ("EIOPA") published a consultation paper on Implementing Technical Standards ("ITS") on the standardisation of the presentation of the insurance Product Information Document (the "PID"). The ITS may be accessed here. This will be provided to customers prior to conclusions of all non-life insurance lines, excluding large risks in accordance with the provisions of the Insurance Distribution Directive (the "IDD").

The purpose of the PID is to ensure that key information relating to in-scope products is presented to the customer in a standardised and simplified manner so that the customer can compare different in-scope products to one another.