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14 January 2014
On October 30 2013 IVASS (the Italian insurance regulator) launched a survey on the sale of insurance policies (typically in the form of group policies) in conjunction with non-insurance products or services. The survey period concluded on December 31 2013.
While acknowledging that the sale of insurance policies in conjunction with non-insurance products or services is as widespread in Italy as abroad, and that such sales can contribute to the development of the insurance market, IVASS intends to verify whether consumers are provided with at least the minimum level of protection in terms of:
IVASS identified several products that are affected by the survey:
Information requested by IVASS in the survey included:
Such information was to be provided with a report including descriptions of:
The following undertakings were involved in the survey:
The above information had to be transmitted to IVASS by December 31 2013. The requested information concerns insurance policies in existence as of October 30 2013 or those that the undertakings intend to market by June 30 2014.
For further information on this topic please contact David Maria Marino at DLA Piper Italy by telephone (+39 02 80 61 81), fax (+39 02 80 61 82 01) or email (email@example.com). The DLA Piper website can be accessed at www.dlapiper.com.
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