The Insurance Distribution Directive (IDD) entered into force on 23 February 2016.  The rules of the IDD apply to the distribution of all insurance products. They are more prescriptive for distributors offering insurance-based investment products (IBIPs).

The Directive empowers the European Commission to adopt, based on EIOPA proposal, technical rules (Delegated Acts) in the area of product oversight and governance, conflicts of interests, inducements, and the assessment of suitability and appropriateness and reporting to customers. These Delegated Acts were adopted in 2017.

The Directive also empowers the European Commission to adopt, based on an EIOPA proposal, an Implementing Technical Standard (ITS) regarding the standardised format of the IDD Insurance Product Information Document (IPID) - the ITS was adopted in 2017- as well as a Regulatory Technical Standard (RTS) reviewing the minimum amounts of intermediaries’ PII/financial capacity every 5 years.  So far, this has been done in 2019 and 2024.