Under the Insurance Distribution Directive [IDD], how many hours of professional training must insurance staff complete annually?

Under the Insurance Distribution Directive (IDD), insurance staff are required to complete a minimum of 15 hours of professional training annually. The IDD aims to ensure that insurance distributors have the necessary knowledge and competence to provide proper services to clients. This requirement is designed to enhance the professionalism of the sector and ensure that those involved in the sale and distribution of insurance products are well-informed and capable of advising customers appropriately.

The 15-hour training requirement is a regulatory measure acknowledged across the European Union to promote a consistent standard of training and expertise within the industry. This ensures that insurance practitioners remain updated on regulatory changes, product developments, and best practices, ultimately leading to better outcomes for consumers.