The European Commission recently published a speech (given by its Commissioner for Financial Stability, Financial Services and Capital Markets Union) regarding insurance distribution. The Commissioner confirmed his confidence that IMD 2 can be finalised in the first half of 2015.  However, he voiced certain concerns regarding the reality/strength of a single European insurance market.  In particular while the recently adopted PRIIPS Regulation introduced a common standard of disclosure for relevant investment products, the same level of coherent disclosure would not apply to other types of insurance products. Further, at a practical level, most consumers can only purchase insurance products in the EU Member State where they live even though products offered in another Member State may be cheaper and more suitable.