Opinion: David Sparkes on why delaying the Insurance Distribution Directive is a good thing
Delays are not often welcome, but in the case of implementing the Insurance Distribution Directive it’s the best possible outcome, explains David Sparkes
The European Commission’s proposal towards the end of December 2017 to delay the application date of the Insurance Distribution Directive (IDD) until 1 October 2018 is very welcome news for insurance brokers and their software houses.
The British Insurance Brokers’ Association (Biba) has been one of the parties that have been campaigning heavily on both sides of the English Channel to secure a delay and it is always rewarding to see progress for those efforts.
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