IDD (Insurance Distribution Directive)

ESG
:   
Regulatory
March 1, 2024

The IDD is about setting EU-wide rules for selling insurance products. It came into effect in October 2018 and focuses on:

  1. Consumer Protection: Just like MiFID II, the IDD is designed to protect consumers. It makes sure that insurance sellers provide clear and understandable information about the products they offer.
  2. Professional Requirements: People who sell insurance need to meet certain professional standards. This includes having the right knowledge and skills to advise customers properly.
  3. Cross-Border Sales: The IDD makes it easier for insurance products to be sold across EU countries, helping to create a single market for insurance.
  4. Transparency and Conduct: Sellers must be transparent about the costs and details of insurance products, and they must act in the best interest of their clients.
More Information

Explore more insights

See All Insights