EIOPA set out conduct risk framework for product lifecycle

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.