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Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast)

The EU Insurance Distribution Directive (IDD) mandates that all distributors of insurance products, including insurers and intermediaries, must act in the…

What Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast) requires

The EU Insurance Distribution Directive (IDD) mandates that all distributors of insurance products, including insurers and intermediaries, must act in the customer's best interests (Article 17), implement robust product oversight and governance (POG) arrangements (Article 25), and provide a standardized Insurance Product Information Document (IPID) for non-life products before a contract is concluded (Article 20).

Pillar: Banking & Global Finance · Authority: European Parliament and the Council of the European Union · Version: 1.0.0 · Last updated:

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32016L0097

SHA-256 integrity: bfeb09533b4364242bb88db4905bc6dfa5cee41591698112197dacfefda696d7

Primary Citations — 7 traced to source

  • Directive (EU) 2016/97, Article 17 - General principle
  • Directive (EU) 2016/97, Article 19 - Conflicts of interest and remuneration

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