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IDD Sustainability Delegated Regulation
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Title (English)
Title (German)
Kind
Approval
Due Diligence
Governance
Other
Record Keeping
Reporting
Stakeholder Engagement
Frequency
Annual
Biennial
Continuous
Event-triggered
Monthly
One-time
Other
Quarterly
Weekly
Check frequency
Annual
Biennial
Continuous
Event-triggered
Monthly
One-time
Other
Quarterly
Weekly
Rule set
Regulation-wide (no rule set)
Insurance product manufacturers
Insurance distributors
Insurance intermediaries and insurance undertakings for investment products
Complexity (0–5)
Business functions
Communications
Compliance
Executive
Finance
Human Resources
Legal
Operations
Other
Procurement
Product
Sales
Sustainability
Description (English)
Appropriately test insurance products before marketing, significant adaptation or a significant target-market change, and assess whether they meet the identified needs, objectives and characteristics of the target market over their lifetime.
Description (German)
Versicherungsprodukte vor ihrer Markteinführung, vor wesentlichen Anpassungen oder bei wesentlichen Änderungen des Zielmarkts angemessen testen und bewerten, ob sie während ihrer gesamten Laufzeit den ermittelten Bedürfnissen, Zielen und Merkmalen des Zielmarkts entsprechen.
Affected products/services (English)
Insurance products
Affected products/services (German)
Versicherungsprodukte
Checking responsibility (English)
Manufacturers of insurance products
Checking responsibility (German)
Hersteller von Versicherungsprodukten
Check method (English)
Qualitative and, depending on the product and risk, quantitative product testing, including scenario analyses where relevant.
Check method (German)
Qualitative und, abhängig vom Produkt und Risiko, quantitative Produktprüfungen einschließlich gegebenenfalls Szenarioanalysen.
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