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reinsurance distribution

    183(as defined in article 2(1)(2) of the IDD) the activities of advising on, proposing or carrying out other work preparatory to the conclusion of contracts of reinsurance, of concluding such contracts, or of assisting in the administration and performance of such contracts, in particular in the event of a claim, including when carried out by an IDD reinsurance undertaking without the intervention of an IDD reinsurance intermediary.

    The following shall not be considered to constitute reinsurance distribution:

      1. (a) the provision of information on an incidental basis in the context of another professional activity where the purpose of that activity is not to assist the customer in concluding or performing a reinsurance contract;
      1. (b) the management of claims of an IDD reinsurance undertaking on a professional basis, and loss adjusting and expert appraisal of claims;
      1. (c) the mere provision of data and information on potential policyholders to an IDD reinsurance intermediary or IDD reinsurance undertaking where the provider does not take any additional steps to assist in the conclusion of a reinsurance contract; and
      1. (d) the mere provision of information about a reinsurance product, an IDD reinsurance intermediary or an IDD reinsurance undertaking to potential policyholders where the provider does not take any additional steps to assist in the conclusion of a reinsurance contract.

    [Note: article 2(1)(2) and article 2(2) of the IDD]