The Directive (EU) 2016/97, adopted on 20 January 2016, aims to harmonise the regulations surrounding the distribution of insurance and reinsurance within the European Union. The provisions extend to all entities involved in the distribution process, ensuring that consumers benefit from uniform protection across various distribution channels. This recast directive replaces Directive 2002/92/EC, emphasizing minimum harmonisation to allow member states to implement stronger consumer protection laws, provided they align with EU law.

Additional focus is placed on the professional requirements and conduct of insurance intermediaries, mandating appropriate knowledge, training, and conduct to protect consumer interests. The directive also establishes clear registration and compliance obligations for insurance distributors, along with provisions to foster cooperation among member states’ regulatory authorities, ensuring effective market oversight and accountability.