Insurance Distribution Directive (IDD)
Refreshed March 2024 | CPD time: 1 Hour
The Insurance Distribution Directive (IDD) sets regulatory requirements in the EU for firms designing and selling insurance or re-insurance products. This module examines what the IDD covers, why it was introduced and how it relates to everyday business. It also explores the key requirements for insurance distributors, the specific knowledge and ability requirements, the in-scope products and people, and what is required to comply with the IDD in practical terms. It also covers the impact of the UK’s departure from the European Union ('Brexit') and discusses how the IDD’s requirements will be written into the FCA Handbook from April 2024.
1. Setting the Scene
2. The IDD Requirements
3. The Knowledge and Ability Requirements
4. Conclusion
Module Test