The 'Mifidization': The Sunset of Life Insurance in the EU Regulation on Insurance?

Liber Amicorum for Professor Ioannis Rokas, 2016

16 Pages Posted: 3 Sep 2016

See all articles by Pierpaolo Marano

Pierpaolo Marano

Catholic University of the Sacred Heart

Date Written: August 31, 2016

Abstract

The word “Mifidization” refers to the impact of the EU regulation on financial products, mainly the rules laid down by MiFID II, to the insurance sector and more specifically with regard to life insurance. The paper explores four areas of the insurance framework that are likely to be affected by the Mifidization: (i) the sources of the regulation on insurance; (ii) the design and distribution of the insurance products; (iii) customers’ protection; (iv) the interpretation by the Courts of the rules on life insurance products.

Keywords: Insurance regulation, Life Insurance, Product Oversight Governance, Customer Protection, PRIIPs

JEL Classification: K00, K20, K22, K23

Suggested Citation

Marano, Pierpaolo, The 'Mifidization': The Sunset of Life Insurance in the EU Regulation on Insurance? (August 31, 2016). Liber Amicorum for Professor Ioannis Rokas, 2016. Available at SSRN: https://ssrn.com/abstract=2832952

Pierpaolo Marano (Contact Author)

Catholic University of the Sacred Heart ( email )

Largo Gemelli, 1
Via Necchi 9
Milan, MI 20123
Italy

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