We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

'The new Insurance Distribution Directive: changes to the regulation of insurance intermediaries in the EU

06 April 2016

The new Insurance Distribution Directive, which came into force con 22 February 2016 and updates the 2002 Insurance Mediation Directive, sets out a framework for regulating EU insurance brokers, agents and other intermediaries. The key elements of the new Directive, which shall be transposed into national laws and regulations in a two-year term,  are (i) extending the scope to cover all sales of insurance products; (ii) identifying, managing and mitigating conflicts of interest; (iii) strengthening administrative sanctions; (iv) enhancing the suitability and objectiveness of insurance advice; (v) ensuring that sellers' professional qualifications match the complexity of the products they sell; and (vi) clarifying the procedure for cross-border market entry.

Please click here to read the full newsletter (in Spanish).

Loading data