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European Insurance and Occupational Pensions Authority

Automated advice

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CHAPTER III > SECTION 1

Article number:  12

The insurance intermediary's or insurance undertaking's responsibility to perform the suitability assessment in accordance with Article 30(1) of Directive (EU) 2016/97 shall not be reduced due to the fact that advice on insurance-based investment products is provided in whole or in part through an automated or semi-automated system.

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EIOPA answered Q&As:
Question ID: 1647

Metadata

RULEBOOK TOPIC:  SECTION 1 - Assessment of suitability

RULEBOOK CATEGORY:  Delegated Regulation (EU) 2017/2359 (on the requirements related to insurance-based investment products)

Last update on:  14 Jan 2021