In this comprehensive and interactive webinar, Branko Bjelobaba FCII gives an update on the FCA’s general insurance consumer duty – what it means and how you can be prepared for the next changes.
The FCA has made it clear that some firms may be further behind in their thinking and planning for the Duty. This brings a risk that they may not be ready in time, or they may struggle to embed the Duty effectively throughout their business. A recent review highlighted three key areas where firms should particularly focus their attention during the second half of the implementation period (to 31 July 2023):
This general insurance focused session also includes an update on Product Value Assessments (note the FCA criticised insurers for their lack of progress with this). Both brokers and insurers have an important role to play, and this session will ensure you understand what you have to do and what changes need to happen in year two of the process to ensure it all gets done.