Understanding the Basics of Regulation in the UK Insurance Industry

Understanding the basics of regulation in the UK general insurance industry.

This webinar looks to provide an overview of the history of regulation within the UK insurance industry, who are the main regulators, how do they regulate and why regulation is so essential.

The presentation will examine the principle-based approach to regulation put in place by the UK regulators and how this differs from rules based regulation in many other countries. it will also look at the main aspects of regulation including fair treatment for customer, ICOBS, training and competence requirements and solvency margins.

All staff need to have an overview of how regulation applies to the insurance industry within which they work, and this presentation will provide this overview.

Learning Objectives:

Following the presentation delegates will be able to:

• Understand the history of regulation within the UK and why it is so essential.
• Understand the concept of principle-based approach to regulation.
• Understand fair treatment of customers, ICOBS, Training and competence requirements and solvency margins.