EIOPA Consults on Policy Proposals Regarding the Implementation of the Insurance Distribution Directive
JULY 04, 2016
- The Insurance Distribution Directive (IDD) is a significant milestone to promote consumer protection in Europe regarding the distribution of insurance products.
- Insurance products should meet the needs of consumers.
- Third party payments such as commissions should not have a detrimental impact on the quality of service provided to customers.
- Customers should be sold suitable and appropriate insurance products.
Click here to access the full press release.
Click here to access the Consultation.