Description: Directive (EU) 2016/97, also known as the Insurance Distribution Directive (IDD), is a European Union directive that aims to harmonize the rules and regulations governing the distribution of insurance products across member states. The directive sets out requirements for insurance distributors, including insurance intermediaries and insurance undertakings, in terms of their professional knowledge, conduct, and transparency towards customers. It also introduces new rules on product oversight and governance, disclosure of information, and the handling of complaints. The IDD seeks to enhance consumer protection, promote fair competition, and ensure a level playing field for insurance distributors operating within the EU. Publisher: EUR-Lex Source: http://data.europa.eu/eli/dir/2016/97/2020-06-12 Last modification: 26/06/2023 EIRA traceability: eira:BindingInstrumentRequirement LOST view: Legal view - Binding Power and Jurisdiction EIRA concept: eira:SolutionBuildingBlock Additional identifier: http://data.europa.eu/eli/dir/2016/97/2020-06-12 Title: Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast)