Annual report on sanctions under the Insurance Distribution Directive during 2021

The European Insurance and Occupational Pensions Authority's (EIOPA) third annual report on administrative sanctions and other measures imposed during 2021 by national competent authorities (NCAs) under the Insurance Distribution Directive (IDD) shows that national competent authorities in altogether 18 Member States imposed 1,621 sanctions in total.

As in earlier reporting periods, the vast majority (over 70%) of sanctions in 2021 were for breaches of the professional and organisational requirements in Article 10 of IDD.