Insurance Distribution Directive....It's Coming Home

The IDD will have great impact on all insurance staff and includes the need to have compulsory training of 15 hours a year for all general insurance staff . This has nothing to do with CII CPD it will become a legal requirement for all staff involved in insurance distribution from October to undertake the required training.

This will be the first time ever that a minimum stipulated number of training hours will become a legal requirement in the UK general insurance market! The IDD will also introduce more detailed rules on disclosing the source of a brokers income and very strict and precise rules on what a policy summary must look like for consumer customers- there will be no deviating from the way you do this summary. Rules relating to how you can create insurance products will also be changing and those involved in new product creation will have to demonstrate their expertise.

This event will be suitable for anyone on the general insurance side involved in insurance distribution, so brokers, underwriters, claims staff, loss adjusters - they all need to be understanding these key changes. This also includes any IFA's involved in 'protection products'

The learning objectives for the Insurance Distribution Directive are as follows:

Understand the background and why IDD is being implemented and when?

Who it applies to?

Describe what the changes are

Explain what the impact is on general insurance firms, the impact on customers

Describe what firms should be doing in preparation for the changes

This presentation will be delivered by Alan Chandler, Chartered Insurer, who is widely regarded as one of the top insurance trainers in the UK and worked with IIC&G on a number of events now.

The event will start at 1.30pm and there will be a buffet and refreshments available from 1pm.

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