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ARTICLE · 14 FEBRUARY 2013

Global Corporate Insurance & Regulatory Bulletin - January 2012

Mayer Brown
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On 11 January 2013, the European Parliament’s Committee on Economic and Monetary Affairs published a draft report on the European Commission’s proposal to introduce a revised Insurance Mediation Directive.

GlobalInsurance
Martin Mankabady
Martin Mankabady
David Alberts
David Alberts
Lawrence Hamilton
Lawrence Hamilton
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Keywords: IMD2, EIOPA, European insurance contract law, Solvency II, FSA, Lloyds

Europe – IMD2 update

ECON PUBLISHES DRAFT REPORT ON IMD2

On 11 January 2013, the European Parliament's Committee on Economic and Monetary Affairs ("ECON") published a draft report (dated 14 December 2012) on the European Commission's proposal to introduce a revised Insurance Mediation Directive ("IMD2"). The draft report contains a draft European Parliament legislative resolution which sets out a number of suggested amendments to the Commission's original proposal (which was published in July 2012). It also includes an explanatory statement by the rapporteur, Werner Langen, in which he sets out his views on, and explains the proposed amendments to, the following key areas covered by IMD2:

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