The Insurance Distribution Directive (IDD, Directive (EU) 2016/97 of 20 January 2016) sets out regulatory requirements for firms designing and selling insurance products. It aims to enhance consumer protection when buying insurance, including general insurance, life insurance and insurance-based investment products (IBIPs) – and to support competition between insurance distributors by creating a level playing field. The directive replaced the previous Insurance Mediation Directive (IMD).
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