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Tommaso Farè – IDD

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Everything you wanted to know about… The Insurance Distribution Directive. Agreement reached on IDD. The new Insurance Distribution Directive (IDD) is a step closer to being finalised after EU law makers reached agreement on the planned reforms. The initial draft, as known, was published in July 2012, after this last step the coming on is expected in 2016/17. Identifying and managing conflicts of interest. When it’s made, the Insurance Distribution Directive (IMD2*) will almost certainly include four par...

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How IDD is different from PRIIP/MiFID2? (1st part) – IDD

https://insurancedistributiondirective.wordpress.com/2015/05/15/how-idd-is-different-from-priipmifid2-1st-part

How IDD is different from PRIIP/MiFID2? The first thing that I’ve wanted to understand, when I heard to speak of IDD or IMD2 for the first time, was how this is different from PRIIP/MiFID2? Before to start with some personal reflections that have bring me to reply the question, I would like to say thanks to Giulia and Tommaso for have inviting me in this interesting project! While IDD is the central set of regulations to improve consumer protection in the insurance sector. Agreement reached on IDD. Stai ...

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IMD/PRIIP/MiFID2 – IDD

https://insurancedistributiondirective.wordpress.com/imdpriipmifid2

Insurance Mediation Directive (IMD). This EU Directive has the aim to achieving a market throughout the EU. The current EU Directive 2002/92 on insurance mediation. That individuals / companies providing insurance or reinsurance mediation are registered in their home EU country. Which allows them to do business elsewhere in the EU). Respect for minimum professional requirements. Appropriate knowledge and ability. Professional indemnity insurance or other comparable guarantee. In the registration process.

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Glossary – About Islamic Finance

https://aboutislamicfinance.wordpress.com/glossary

OBSERVATORY ON THE EVOLUTION OF FINANCE SHARI'A COMPLIANT IN EUROPEAN MARKET. Mutual Help, which was an arrangement of mutual help or indemnification customary in some tribes at the time of the Prophet Muhammad (pbuh). This is a foundation doctrine based on which Islamic insurance practices, known as Takaful, have been developed. A general term which conveys the meaning of justice, equity and fairness. One Inherently one (God). Absolute power of attorney. One who knows. See Ulama. Literally it means work...

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Weaknesses of the IMD – IDD

https://insurancedistributiondirective.wordpress.com/2015/05/07/weaknesses-of-the-imd

Weaknesses of the IMD. Therefore, in summary the main weaknesses points in the current EU regulation are the follow:. 1) Insufficient quality of information provided to consumers. 2) Conduct of business rules: conflicts of interests and transparency. 3) Legal uncertainty due to unclear definition of scope in the IMD. 4) Burdensome notification system. The Insurance Distribution Directive: changes to the regulation of insurance intermediaries in the EU. Identifying and managing conflicts of interest.

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The Insurance Distribution Directive: changes to the regulation of insurance intermediaries in the EU – IDD

https://insurancedistributiondirective.wordpress.com/2015/05/05/the-insurance-distribution-directive-changes-to-the-regulation-of-insurance-intermediaries-in-the-eu

The Insurance Distribution Directive: changes to the regulation of insurance intermediaries in the EU. The new regime will introduce two general principles, providing that insurance distributors must “always act honestly, fairly and professionally in accordance with the best interests of customers” and that all information must be “fair, clear and not misleading”. All sellers of insurance products,. Including those acting on behalf of insurers – for example, claims management activities: Currently,...

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What is IDD? – IDD

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The Insurance Distribution Directive (IDD) is the new EU framework developed in order to update the 2002 Insurance Mediation Directive (IMD), which sets out the current framework for regulating EU insurance brokers, agents and other intermediaries. The IDD was originally referred to as IMD II, but the name was changed in September 2014 to reflect its focus on regulating the distribution of insurance products, including by insurers directly where no intermediation occurs. Scrivi qui il tuo commento.

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Essentials concepts – About Islamic Finance

https://aboutislamicfinance.wordpress.com/essentials-concepts

OBSERVATORY ON THE EVOLUTION OF FINANCE SHARI'A COMPLIANT IN EUROPEAN MARKET. The Qur’an (2:30) says that man was created as the representative of God on earth. This concept has a considerable effect on Islamic business, since the lack of a sense of absolute ownership promotes a sense working for society, especially the needy. Divine Guidance for the economy, as enshrined in the Qur’an and the Sunnah (the living example of Prophet Muhammad), can be summarised as follows:. 2 Care For Others. We gain throu...

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German Takful – About Islamic Finance

https://aboutislamicfinance.wordpress.com/2015/06/03/german-takful

OBSERVATORY ON THE EVOLUTION OF FINANCE SHARI'A COMPLIANT IN EUROPEAN MARKET. Source: Trade and Export Finance. Feedback point on the 40th anniversary. The Dow Jones Islamic Market Index (DJIM). Lascia un commento Annulla risposta. Scrivi qui il tuo commento. Inserisci i tuoi dati qui sotto o clicca su un'icona per effettuare l'accesso:. L'indirizzo non verrà pubblicato). Stai commentando usando il tuo account WordPress.com. ( Chiudi sessione. Notificami nuovi commenti via e-mail. Big Balloons in the sky.

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Feedback point on the 40th anniversary – About Islamic Finance

https://aboutislamicfinance.wordpress.com/2015/05/13/feedback-point-on-the-40th-anniversary

OBSERVATORY ON THE EVOLUTION OF FINANCE SHARI'A COMPLIANT IN EUROPEAN MARKET. Feedback point on the 40th anniversary. The first Islamic commercial bank was established in Dubai in the 1975, it gave the green to a financial phenomenon destined to grow. What are the feedback of some financial experts 40 years after? Please note: part of the interviews here reported are extracted from articles of third parties, you can find the links and the references in the footer. Mahmoud Amin Al Gamal. Londoner writer) ...