Carriers welcome proposal to delay IDD

A committee of European lawmakers has urged the European
Commission to delay the implementation of the Insurance
Distribution Directive (IDD) beyond the scheduled date of 23
February, amid industry concern about its workability.
The IDD replaces the Insurance Mediation Directive and is
primarily designed to boost consumer protection and promote
competition by creating a level playing field among insurance
distributors.
Major changes introduced by the IDD include an obligation for
carriers to pro