ROME/FRANKFURT, (Reuters) - Europe's insurers warned that their ability to help to boost economic growth could be harmed if the EU insurance watchdog does not take account of industry demands in a report to be unveiled on Friday.
Insurers and regulators have been battling over the treatment of insurance savings products with long-term guarantees, popular with consumers and a core business for life insurers, particularly in Germany and the Netherlands.
The European Insurance and Occupational Pensions Authority (EIOPA), which is drafting the rules aimed at improving consumer protection, is due to publish the findings of its study on long-term guarantees on Friday.
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