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Financial services
Insurance Mediation Directive (IMD)
The Insurance Mediation Directive, first adopted in 2002, provides a set of ‘conduct of business’ rules for the sale of insurance products to ensure a basic harmonised level of consumer protection throughout the EU. Specifically, it requires all individuals or companies who carry out insurance or reinsurance mediation to register in their home Member State.
The Directive is also supportive of the European single market by helping intermediaries operate in different Member States or ‘passport’ their services cross-border once registered by their national authority.
In June 2009, the Commission announced its intention to review the Insurance Mediation Directive with the aim of making it a more modern directive, which is clearer, more precise, and at the same time practical and understandable.
In January 2010, the Committee of European Insurance and Occupational Pensions (CEIOPS) asked for advice from the European Commission, resulting in a subsequent public consultation.
For more information, please see:
- Insurance Mediation Directive (2002) (European Commission website, opens in new browser window)
- Consultation document on the Review of the Insurance Mediation Directive (IMD) Commission Staff Working Paper (PDF) (European Commission website, opens in new browser window)
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