Insurers demand clarity on disclosure rules and indemnity 
Insurance lobby Insurance Europe has called for the European Union to explain how its incoming disclosure rules for investment products will impact indemnities. The group claimed that insurers are uncertain whether some documents will be needed for products that are no longer being sold. Additionally, insurers aren't aware of how the EU's revised regulatory technical standards will affect annuities falling within the scope of the regulation. The appeal came days after legislators at the European Parliament finalised an approach to reform uniform disclosure requirements for packaged retail and insurance-based investment products.

By William Shaw (April 10, 2017, 3:40 PM BST) -- A major insurance lobby urged the European Union on Monday to explain how its new disclosure rules for investment products will affect indemnities, saying big legal questions remain over how the regime will work....

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