DISTRIBUTION & INTERMEDIATION

 

Insurance product distribution by businesses, trade associations and all forms of organisation has become common practice. After first applying to personal insurance alone (health & personal risks), regulations have been reinforced in all areas of insurance and this ongoing development demands specific legal and contractual expertise, often at the crossroads of insurance and consumer law.

– Rapid development of online intermediaries (price comparison sites, “broker robots”, etc.), 59 Insurtech companies founded in 2018

– EU law: IMD 1 (2002), IMD 2 (2015)

– Creation of ORIAS, the French body responsible for holding and maintaining the single register of financial intermediaries, in 2007

– Creation of the French Prudential Supervision and Resolution Authority ACPR in January 2010, Banking Commission and ACAM merger

– Anti-money laundering and combating the financing of terrorism (AML-CFT)

InsurancePartners therefore focuses on the following areas:

– Advisory services in regulatory and compliance matters (IMD 2, GDPR, etc.)

– New brokers (B2C, ancillary insurance distributors)

– ACPR litigation