Insurance Distribution Directive: Strengthening transparency and consumer protection

18-11-2015

The European Parliament (EP), the Council and the Commission have reached an agreement on the revised Insurance Distribution Directive (IDD). The compromise text is due to be voted by the EP in plenary in November 2015, with the new rules to apply two years after adoption. The aim of the IDD is to curb further fragmentation of the EU market for insurance intermediaries and products. It will establish conditions for fair competition and strengthen consumer rights.

The European Parliament (EP), the Council and the Commission have reached an agreement on the revised Insurance Distribution Directive (IDD). The compromise text is due to be voted by the EP in plenary in November 2015, with the new rules to apply two years after adoption. The aim of the IDD is to curb further fragmentation of the EU market for insurance intermediaries and products. It will establish conditions for fair competition and strengthen consumer rights.