Q&As

Does Insurance Distribution Directive (IDD) apply to reinsurance undertakings? Does IDD apply to captive reinsurance?

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Published on LexisPSL on 20/09/2018

The following Insurance & Reinsurance Q&A provides comprehensive and up to date legal information covering:

  • Does Insurance Distribution Directive (IDD) apply to reinsurance undertakings? Does IDD apply to captive reinsurance?
  • What does Insurance Distribution Directive apply to?
  • How is ‘reinsurance undertaking’ defined?
  • Are there any exceptions under IDD?

What does Insurance Distribution Directive apply to?

Article 1(2) of the Insurance Distribution Directive (IDD) states that the IDD applies to any natural or legal person who is established in a Member State or who wishes to be established there in order to take up and pursue the distribution of insurance and reinsurance products.

Article 2(2) of IDD means that the activities of advising on, proposing, or carrying out other work preparatory to the conclusion of contracts of reinsurance, of concluding such contracts, or of assisting in the admi

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