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Friday, September 4, 2015

EU: Insurance Distribution Directive Framework Finalized - by Katherine Denham

The
details of the Insurance Distribution Directive (IDD), which is
designed to boost the cross-border trade of insurance products, have
been finalised.



- See more at:
http://www.international-adviser.com/news/1024643/insurance-distribution-directive-framework-finalised#sthash.HOeePU0C.dpuf
The details of the Insurance Distribution Directive (IDD), which is designed to boost the cross-border trade of insurance products, have been finalized.

The IDD will be submitted to the European Parliament for a vote and to the European Council for final adoption. If it is given the green light, it will be published in the Official Journal of the European Union in the next few months.

The directive focuses on practices for selling insurance products in order to improve consumer protection, market integration and competition across the EU. Member states will have two years to render IDD into national laws.

Read more: EU Insurance Distribution Directive Framework Finalised - International Adviser
The
amended directive, previously called the Insurance Mediation Directive,
contains regulatory requirements for insurance intermediaries –
including independent financial advisers – within European Union member
states.


The IDD will be submitted to the European Parliament for a vote and
to the European Council for final adoption. If it is given the green
light, it will be published in the Official Journal of the European
Union in the next few months.


The directive focuses on practices for selling insurance products in
order to improve consumer protection, market integration and competition
across the EU. Member states will have two years to render IDD into
national laws.

The details of the Insurance Distribution Directive (IDD), which is
designed to boost the cross-border trade of insurance products, have
been finalized
- See more at:
http://www.international-adviser.com/news/1024643/insurance-distribution-directive-framework-finalised#sthash.HOeePU0C.dpu
The
details of the Insurance Distribution Directive (IDD), which is
designed to boost the cross-border trade of insurance products, have
been finalised.



- See more at:
http://www.international-adviser.com/news/1024643/insurance-distribution-directive-framework-finalised#sthash.HOeePU0C.dp=Read more: EU Insurance Distribution Directive Framework Finalised - International Adviser