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X-WR-CALDESC:Events for The Lime Street Guide
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DTSTART;TZID=Europe/London:20230214T120000
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DTSTAMP:20260501T021407
CREATED:20230118T134900Z
LAST-MODIFIED:20230118T134900Z
UID:79763-1676376000-1676379600@www.limestreetguide.com
SUMMARY:FCA – Consumer Duty. Who is Impacted and What is Required?
DESCRIPTION:This market briefing will discuss the complexities and broader requirements of the Consumer Duty and how it could apply to IUA members. \nDescription\nThe FCA’s Consumer Duty is the second recent key piece of legislation seeking to ensure good outcomes for insurance customers. It follows the FCA’s General Insurance pricing practices\, GIPP\, (implemented from 1.1.2022) and Treating Customers Fairly Rules (and the FCA’s six key outcomes)\, which have existed since 2006. \nThe FCA has clarified that non-UK risks and reinsurance are not covered under the Consumer Duty\, although the GIPP does still apply. However\, there remains significant ambiguity about what should be done with respect to better customer communication and measurement of understanding of SMEs. \nIf the Duty is deemed to apply to some parts of your business\, what are the requirements exactly? Are they different for lead insurers versus follow? And how easy will the risks of different requirements being applied to differently types of business be to manage? \nAt this market briefing\, our guest speakers will attempt to clear a path through what you may need to consider and do as part of the London Market. To assist our guest speakers in highlighting the issues of Consumer Duty that most affect IUA members\, a brief survey has been produced the results of which will be discussed on the day. To access the pre-event Survey\, please click here. All completed surveys will be treated in the strictest of confidence. Survey will close on 03 February 2023 \nSpeakers\n\nNajia Mukhtar and Nicole Austin\, Senior Directors in Risk\, Regulatory and Compliance\, Global Insurance Services at FTI Consulting\nNoleen John\, Corporate and Regulatory Insurance Lawyer\, Norton Rose Fulbright\n\n		\n\n							\n					Share this event with your colleagues:\n				 \n			\n			\n\n								\n		\n\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Facebook\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Twitter\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																LinkedIn\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Email\n									\n						\n\n											\n					\n									\n			\n					\n		\n			\n		\n		Visit Event Website
URL:https://www.limestreetguide.com/event/fca-who-is-impacted-what-is-required/
LOCATION:ACORD Auditorium\, 8th floor\, 1 Minster Court\, Mincing Lane\, London\, EC3R 7AA\, United Kingdom
CATEGORIES:Education & Training,CPD Certified
ATTACH;FMTTYPE=image/png:https://www.limestreetguide.com/wp-content/uploads/2016/11/image-international-underwriting-association-e1568834983483.png
ORGANIZER;CN="International%20Underwriting%20Association":MAILTO:info@iua.co.uk
GEO:51.5116244;-0.0806794
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=ACORD Auditorium 8th floor 1 Minster Court Mincing Lane London EC3R 7AA United Kingdom;X-APPLE-RADIUS=500;X-TITLE=8th floor\, 1 Minster Court\, Mincing Lane:geo:-0.0806794,51.5116244
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