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Insurance Europe supports effective consumer protection rules that enable individuals to compare products and make informed decisions. To achieve this, these rules must be consistent, coherent, well-designed and future-proof.
The online resource also shows how combined legislation sometimes does not result in the right rules to protect consumers.
Insurance Europe’s resource also outlines why it is very important that once rules are finalised, insurers are given an appropriate amount of time to implement them in order to ensure that they benefit consumers.
Another important topic highlighted in the resource is financial education. Here one of the main challenges is moving from simply raising awareness of financial issues to actually changing individuals’ behaviour.