EIOPA publishes report on the application of the Insurance Distribution Directive
Published By Europa [English], Thu, Jan 6, 2022 11:06 AM
The European Insurance and Occupational Pensions Authority (EIOPA) published today its first report on the application of the Insurance Distribution Directive (IDD), which regulates how insurance products are designed and distributed in the European Union.
Amongst others, this report examines:
EIOPA’s main findings are the following:
The report also includes a detailed country-by-country analysis to be published.
Under Article 41(4) of the IDD, “EIOPA shall prepare a report on the application of this Directive” every two years. The IDD entered into application in most Member States on 1 October 2018. It sets out minimum regulatory standards across the EU insurance market and aims to enhance consumer protection.
Press release distributed by Media Pigeon on behalf of Europa, on Jan 6, 2022. For more information subscribe and follow