Date: 14th February 2013

EuroFinuse in conjunction with the members of the Financial Services User Group (FSUG) wish to express their disappointment regarding the draft ECON report on the proposal for a Insurance Mediation directive. On 3 July 2012 the Commission published a proposal for a revision of the Insurance Mediation Directive (IMD 2). The goal of the Commission’s proposal is to upgrade consumer protection in the insurance sector by creating common standards across insurance sales and ensuring proper advice. Prior to this legislative proposal, the Commission consulted all stakeholders including the FSUG.