PSC shall be considered a manufacturer where an overall analysis of its activity shows that it has a decision-making role in designing and developing an insurance product for the market.
A decision-making role shall be assumed, in particular, where PSC autonomously determines the essential features and main elements of an insurance product, including its coverage, price, costs, risk, target market and compensation and guarantee rights, which are not substantially modified by the insurance undertaking providing coverage for the insurance product. Personalisation of and adaptation of existing insurance products in the context of insurance distribution activities for individual customers, as well as the design of tailor-made contracts at the request of a single customer, shall not be considered manufacturing.
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