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 letters, with the most recent one concentrating on non-financial aspects of misconduct. This Insurance Institute of London (IIL) webinar, 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 issued (in November 2019) a key update on distribution chains setting out findings/expected responsibilities and then we have two onerous Dear CEO letters (April 2019 and January 2020).
Have you made all the necessary changes to be compliant with the law? Virtually join fellow market professionals in this interactive Zoom webinar and find out!