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    EIOPA Issues Q&A on Comprehension Alert in KID for IBIPs

    December 19, 2017

    EIOIPA issued a question and answer (Q&A) on the comprehension alert in the Key Information Document (KID) for Insurance-Based Investment Products (IBIPs). The question answers the conditions that should be used to determine whether a comprehension alert needs to be included in KID for an IBIP. As stated in the Packaged Retail and Insurance-Based Investment Products (PRIIPs) KID Delegated Regulation, a comprehension alert would need to be included in the KID where an IBIP does not meet requirements on non-complexity laid down in the IDD.

    Related Link: Q&A (PDF)

    Keywords: Europe, EU, Insurance, KID, PRIIPs, IBIP, EIOPA

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