This eCourse consists of two modules. Module 1 provides a high-level overview of the European Union’s Insurance Distribution Directive (IDD), which is intended to promote competition, consumer protection, and a level playing field in insurance distribution. This module also describes IDD’s key provisions and their implications.

Module 2 looks at the key requirements of the Solvency II regime, which is a new, harmonized EU-wide insurance regulatory regime. This module also explains the different rules under its three pillars.

On completion of this tutorial, you will be able to:
- Define the scope and objectives of the Insurance Distribution Directive (IDD)
- List the key provisions of the IDD, including registration, professional and organizational requirements, the introduction of the Insurance Product Information Document (IPID), and the rules for insurance-based investment products (IBIPs)
- Recall the development of the Solvency II regime and recognise its three-pillar structure
- Define the quantitative requirements of Pillar I
- Identify the governance and supervision requirements of Pillar II
- Recognise the disclosure and transparency requirements of Pillar III

Module 1: Insurance Distribution Directive (IDD)
Topic 1: IDD Overview
Topic 2: Key Provisions

Module 2: Solvency II
Topic 1: Overview of Solvency II
Topic 2: Pillar 1 (Quantitative Requirements)
Topic 3: Pillar 2 (Governance & Supervision)
Topic 4: Pillar 3 (Disclosure & Transparency)