Claudio Collovà Evaluation Officer

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Presentation transcript:

Impact Assessment and the Sectoral Social Dialogue Committee - Insurance Claudio Collovà Evaluation Officer European Commission; DG Internal Market and Services; “Impact Assessment, Evaluation and Economic Analysis” Brussels, 22 January 2010

What is an Impact Assessment? A set of logical steps to be followed when preparing policy proposals A process that prepares evidence for political decision-makers… …on the advantages and disadvantages of possible policy options

Why do we do an IA? Shows that decisions are based on evidence Brings more transparency into decision making process Promotes coherence across the Commission Helps preparing better policy proposals

Who is involved in this process? Citizens and stakeholders Commission Policy Unit: Insurance unit, but not only My unit Steering Group Secretariat-General Impact Assessment Board

Impact Assessment Board

Impact Assessment Board

Key analytical steps of IA Problem definition Objectives Policy options Analysis of impacts Comparison of options Policy monitoring and evaluation

Presenting the findings: the IA report Main report: 30/35 pages + Annexes Executive summary, max 10 pages (translated in all languages) http://ec.europa.eu/governance/impact/index_en.htm

Consulting stakeholders Why do we consult stakeholders? Who are the stakeholders to be consulted? What information is sought from you (e.g., facts, opinions, ideas) How will stakeholders be consulted (i.e. tools, methodology)? When should consultations take place in the overall process?

Consulting the SSDCs Barroso: improving the assessment of social impacts Barnier: “évaluer l’impact social” SSDC: “Each sectoral social dialogue committee shall be consulted on developments at Community level having social implications” for a specific sector. Sectoral vs. external impacts

Insurance list Insurance Guarantee Schemes White Paper Review of the Financial Conglomerates Directive Solvency II - Level 2 implementing measures Packaged Retail Investment products – disclosures and selling practices Revision of the Insurance Mediation Directive

Other proposals UCITS IV Level 2 Amendment Investor Compensation Schemes Directive * Deposit Guarantee Schemes Directive * Access to a basic bank account Responsible lending and borrowing Revision of the Capital Requirements Directive Recast of the Market Abuse Directive

Next steps Consultation of the SSDC – insurance Other steps: Solvency II: www.deloitte.co.uk/ecsolvencyii Hearings for Solvency II and Insurance Mediation Directive More information: http://ec.europa.eu/internal_market/ Single Market News and e-newsletter

QUESTIONS ?