It is clear that the FCA’s focus on General Insurance has ramped up over the last year or so with recent adverse findings in distribution chains, differential pricing, harm indicators and the very clear Dear CEO letter. This Insurance Institute of London (IIL) event, for FCA regulated firms only, (of relevance to general insurers and brokers), will provide an overview of recent actions taken and the IDD rules that required implementation as from 1 October 2018.
The Insurance Distribution Directive has been enacted to ensure we trade with the rest of the EU on a level playing field despite Brexit. In addition, the FCA has just issued (November 2019) a key update on distribution chains setting out findings and then we have the onerous Dear CEO letter.
Have you made all the necessary changes to be compliant with the law? Come and join fellow market professionals and find out!
By the end of this event delegates will have gained an insight into:
• Key GI initiatives from the FCA – distribution chain value assessment, harm indicators and the Dear CEO letter
• IDD requirements – compulsory training, marketing materials, conducts of business, product oversight and governance, conflicts of interest, system and controls, PII cover, client money and ancillary insurance intermediaries together with HMT/FCA changes to introducing activity