Insurance Distribution Directive (IDD)—background and legislative history
Produced in partnership with Jacob Ghanty of Deloitte

The following Insurance & Reinsurance practice note produced in partnership with Jacob Ghanty of Deloitte provides comprehensive and up to date legal information covering:

  • Insurance Distribution Directive (IDD)—background and legislative history
  • The insurance mediation directive
  • Background to the commission’s review of the IMD
  • The European Commission’s review of the IMD
  • Commission request for advice
  • CEIOPS Advice
  • Commission staff working paper
  • Public hearing
  • Commission summary of responses
  • PWC Final Report—study on the impact of the revision of the insurance mediation directive
  • More...

Insurance Distribution Directive (IDD)—background and legislative history

The Insurance Distribution Directive (Directive (EU) 2016/97) (IDD) repealed and replaced the Insurance Mediation Directive (Directive 2002/92/EC) (IMD) effective 1 October 2018. The IDD aims to harmonise the implementation of the provision of insurance and reinsurance distribution across EU Member States, provide consistency in the sale of insurance and reinsurance products, increase consumer protection and promote cross-border integration. Like the IMD, the IDD covers the authorisation, passporting arrangements and regulatory requirements for insurance and reinsurance intermediaries. However, the application of the IDD is wider, covering all market participants that distribute insurance products, thus bringing insurance and reinsurance undertakings into scope. The IDD also sets out expanded organisational and conduct of business requirements and introduces requirements in new areas such as product oversight and governance and enhanced conduct rules for insurance-based investment products.

This Practice Note examines the European Commission’s review of the IMD, its proposals to revise the directive and the legislative process that resulted in the adoption of the IDD.

For more information on the IDD, see:

  1. Insurance Distribution Directive (IDD)—essentials

  2. Insurance Distribution Directive (IDD)—scope, registration, passporting and sanctions

  3. Insurance Distribution Directive (IDD)—organisational and conduct of business requirements

  4. Insurance Distribution Directive (IDD)—insurance-based investment products

  5. Insurance Distribution Directive (IDD)—Insurance Product Information Document requirements

The insurance mediation directive

The Insurance Mediation Directive (Directive 2002/92/EC) (IMD) was formally adopted on 9 December 2002 in

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