The IDD updates the original Insurance Mediation Directive regulations since its introduction in January 2005 and is designed to ease the difficulties firms encounter when trading cross-border within the EU, create consistency among all participants by supporting competition strengthen policyholder protection when purchasing insurance. The IDD ensures all parties act professionally, honestly, fairly and in the best interests of their clients.
In this module, your managers will become familiar with all of the key points included in the IDD, they will understand the FCA’s approach to implementation, and comprehend the implications of the IDD for your business and help to identify the changes that are needed to be made.
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