EIOPA · 3397

Scope (Art. 1 IDD), Registration (Art. 3 IDD), Principle to act in accordance with the best interest (Art. 17 IDD)

Regulation
(EU) No 2016/97 - Insurance Distribution Directive
Article
N/A
Topic
Scope (Art. 1 IDD), Registration (Art. 3 IDD), Principle to act in accordance with the best interest (Art. 17 IDD)
Submitted
2025-07-29
Answered
2025-07-30

Question

Before advancing to a public launch, I am seeking your guidance on: The essential regulatory requirements and procedures for operating a digital insurance marketplace of this nature in Europe, Any specific licensing, registration, or authorization pathways for insurtech solutions using satellite analytics and smart contracts, Key consumer protection, data privacy, and cybersecurity obligations, Any guidance, documentation, or contact points for startups preparing for compliance in this field. Our goal is to ensure full alignment with all relevant regulations from the outset. I greatly appreciate any orientation or resources you can provide as we refine our business model and compliance approach.

Answer

This question has been rejected because the Q&As process cannot be used for bespoke advice.If you plan to launch an insurance intermediary business, the Insurance Distribution Directive (IDD) develops some specific requirements notably in terms of registration (e.g. Chapter II of the IDD).In addition, please be aware that one of the general principles of the IDD is that insurance distributors always act honestly, fairly and professionally in accordance with the best interests of their customers (cf. article 17.1).For any specific information in relation with the IDD framework, you can consult the following page in our website : Insurance Distribution Directive (IDD) - EIOPA

This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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