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Professionalism from the Code of Ethics to the IDD

Professional Focus 2018

Publication date:

28 November 2018

Last updated:

28 November 2018

The Insurance Distribution Directive came into force on 1st October 2018 and imposed new requirements on training, conflicts of interest, giving advice and product governance.

While the IDD means that firms have to put new procedures in place, the fundamental objectives of the Directive are the same as the objectives behind the CII Code of Ethics; to increase confidence in insurance. This presentation will show how being an effective professional is a strong basis for compliance with the IDD, and how being a professional can be the most efficient and cost-effective way to comply. It will use the IDD’s rules on training and conduct as an example.

This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.