The European Insurance and Occupational Pensions Authority (EIOPA) has today published its Report on the Methodology for Collecting, Analysing and Reporting on Consumer Trends.
This enhanced methodology will be used by EIOPA to produce its annual Consumer Trends report, as part of its tasks under Article 9(1)(a) of EIOPA Regulation, to take a leading role in promoting transparency, simplicity and fairness in the market for consumers.
This report describes the methodology for collecting, analysing and reporting on consumer trends.
EIOPA’s goals in this area are threefold:
– To establish a framework for the collection of consumer trends information from National Supervisory Authorities (NSAs) including:
exploring possible data sources;
checking the availability of the data from these sources; and
considering the level of comparability of the available data;
– To develop a methodology to collect and analyse the consumer trends information; and
– To establish a process for producing a report on the consumer trends identified from the information gathered and analysis conducted.
EIOPA seeks to collect both quantitative and qualitative data where it may be a useful indicator of a consumer trend and where a significant number of Member States have the data available.
The Report on the Methodology for Collecting, Analysing and Reporting on Consumer Trends can be accessed here:
