On 21 March 2016, Insurance Europe published a press release highlighting the reasons for its response, published on 18 March 2016, to a consultation on the European Commission Green Paper on Retail Financial Services. Insurance Europe stated that the European insurance sector is embracing digitalisation to respond efficiently and in a timely manner to consumer demands and that digitalisation can provide significant benefits to policyholders. In its response, Insurance Europe outlined several areas where action by the European Commission would be welcomed and include (a) polices to ensure that consumers decide who has access to their data and for what purposes, (b) the development of an EU-wide compliance standard for e-ID providers to securely verify consumers' identity and (c) raising awareness of FIN-NET, a financial dispute resolution network of national out-of-court complaint schemes in the EEA countries.