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...
Only a quarter of multinationals have pooling in place
Equates to seven million people
Regulation needs to recognise that a funeral plan, unlike other financial products, is a service
To coincide with November's Mouth Cancer Action Month, Unum's managing director explores four ways that employees can combat oral cancer