Loan protection insurance: insurers and banks required to review pricing policies

The European Insurance and Occupational Pensions Authority (EIOPA) is issuing a warning to insurers, banks and bankinsurers.

The regulator alerts these institutions to the levying of very high commissions that could lead to conflicts of interest related to the distribution of loan insurance products.

In its warning, the regulator calls on the parties concerned to review their pricing policies and offer better value for money to consumers.