EIOPA has published a framework that sets out what drives conduct risk and how to assess it throughout a product life cycle. It looks at:
- business model and management risks
- manufacturing risks
- delivery risks and
- product management risks
EIOPA hopes the framework will support national supervisors in identifying conduct and consumer protection risks early and clearly so they can take appropriate preventative action – be it through conduct supervision, market monitoring, conduct risk assessment or a mixture. It also has supervisory convergence as its aim.