The Insurance Distribution Directive

>> Event Overview

The Insurance Distribution Directive (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 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'.

>> Learning Objectives

By attending this event participants will be able to:

• 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, and the impact on customers.
• Describe what firms should be doing in preparation for the changes.

>> More about our speaker

Alan has undertaken operational management roles in three major global companies. NatWest Insurance Services, RBS Insurance Group and Allianz Insurance. He has run underwriting, broking and claims functions. Ten years ago he set up his own training company, something that he had always longed to do as he is passionate about training. Since then he has trained well over a thousand people to become ACII qualified including six individuals who have achieved the best ACII completion in the whole of the United Kingdom.