Insurance Europe recently published a paper voicing concerns about certain aspects of the RTS for Packaged Retail and Insurance-based Investment Products Regulation (PRIIPS); and calling for the RTS to be amended. Criticisms included the manner in which information regarding the cost and risk is to be presented to customers (in particular, in relation to inclusion of the biometric risk premium as part of the presentation of costs). This mirrored remarks made by the President of Insurance Europe at its recent 8thAnnual International Insurance Conference. He warned that, when combined with other regulation, PRIIPS would result in consumers receiving unnecessary volumes of information which will make insurance products appear more expensive and risky than they are. This follows the call, on 3 May, by certain European financial bodies (including Insurance Europe) for a one year delay in the application of PRIIPS.