Clifford Chance

Preparing for the implementation of the Insurance Distribution Directive

18 December 2017

The Insurance Distribution Directive (IDD) is due to come into force on 23 February 2018 and will impact the distribution of insurance and reinsurance across the European Union, replacing the current insurance mediation directive (IMD).

There have been calls for the delay of its implementation by the insurance and insurance distribution industry, as well as by the European Parliament's Committee on Economic and Monetary Affairs (ECON). Pending any delay, Member States are in the process of implementing the IDD into their local law, including the UK where the FCA has published various consultation papers and a policy statement which indicates the way in which the IDD is likely to affect the distribution of insurance in the UK.

This briefing note summarises, at a high level, the IDD requirements and the position the UK intends to adopt.

Download PDF