Insurance Distribution Directive

With effect from the 1st October 2018, the Insurance Distribution Directive (IDD) replaced the Insurance Mediation Directive (IMD).

The IDD aims to enhance consumer confidence when buying insurance and to create a level playing field between the various insurance distribution channels - Intermediaries, Direct Insurers, Price Comparison sites, etc.

The IDD will have great impact on all general insurance staff and includes the need to have compulsory training of 15 hours per year for all general insurance staff.

This has nothing to do with CII CPD; it will become a legal requirement for all staff involved in insurance distribution from the 1st October 2018 to undertake the required training.

This will be the first time ever that a minimum number of training hours will become a legal requirement in the UK general insurance market.

This event will be suitable for anyone on the general insurance side involved in insurance - they will all need to understand these key changes.

Who should attend?

This will be of interest to all CII members - Insurers, Brokers and Loss Adjusters.

Learning Outcomes

By the end of the session, delegates will be able to;

• Understand the background and why the IDD has been implemented
• Understand who it applies to
• Describe what the changes are
• Explain what the impact is on general insurance firms and customers
• Describe what firms should be doing in response to the changes

12:00 Buffet Lunch

12:30 Presentation

14:00 Close

Lincolnshire Chamber of Commerce
Commerce House
Carlton Boulevard
Lincoln
LN2 4WJ

This event is being subsidised by your local institute, the cost of attending will be:

CII members - FREE

Non-CII members - £15.00

Non-CII members may pay on the day by cash or by cheque payable to 'Lincoln Insurance Institute'.

If you have any dietary or specific requirements in relation to attendance at this event - please let us know at time of booking.

To register your attendance, please contact;

Phil Davis ACII
Chartered Insurance Broker
Hon Secretary
Lincoln Insurance Institute

T: 01522 814481

M: 07974 925739

E: phildavis@cookeandmason.com

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