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Under the Insurance Distribution Directive (IDD), consumers will benefit from a simple, standardised insurance product information document (IPID), which aims to provide clearer information on non-life insurance products, so that consumers can make more informed decisions.
Following consumer testing, EIOPA developed draft Implementing Technical Standards (ITS) on a standardised presentation format for the IPID, which were submitted to the European Commission on 7 February 2017. These draft ITS have since been incorporated in Commission Implementing Regulation (EU) 2017/1469 of 11 August 2017 laying down a standardised presentation format for the IPID.
EIOPA has worked with the European Commission to develop an electronic and editable version of the IPID template in all official languages of the European Union. The files are available in Adobe InDesign (.indd) format only and follow the layout shown in the Annex to the European Commission Implementing Regulation and are consistent with the relevant colours, fonts and logos required by the Regulation itself.
These files are intended to provide a technical aid to manufacturers of non-life insurance products developing IPIDs.
Manufacturers of non-life insurance products are not obliged to use these specific files and may choose instead to develop their own IPIDs that meet the requirements of the IPID Implementing Regulation.