Association of Medical Insurers and Intermediaries (AMII) chairman Stuart Scullion has warned the industry to make sure it is prepared ahead of the IDD, the next EU-driven legislation set to 'shake up the sector'.
The Insurance Distribution Directive (IDD) is designed to ensure appropriate levels of protection for insurance customers across the EU. It will apply to both retail and commercial customers, including those of insurance and reinsurance companies, intermediaries, other firms, insurance market customers and representative groups as well as any professional bodies conducting insurance distribution activities. The legislation was originally meant to come into power in July but was deferred for...
To 1,552 families and businesses
To bulk up distribution