Insurance EuropeInsurance Europe
IMD 2 must benefit policyholders and be workable for insurers

The final revised text of the Insurance Mediation Directive (IMD 2) should result in a solution that both benefits policyholders and is not unnecessarily burdensome for the insurance industry, according to Insurance Europe.

Following the Council of the European Union’s adoption of its general approach on IMD 2 last week, the Directive will now likely enter into trialogue discussions between the European institutions towards the end of this month.

William Vidonja, Insurance Europe’s head of single market and social affairs commented: "The Council’s adoption of its general approach is a major step forward in the development of IMD 2. It is important for the trialogue discussions to result in a solution that is both workable for the industry and that offers protection to policyholders."

Published 13 November 2014