ICOBS - protect your PI!

Overview

General insurance brokers have had ICOB rules for 11 years now and there is still a lot of confusion and non-compliance. Why?! Do you know when you are giving advice or just providing information and when does one produce a statement of demands and needs and what goes in it? What about add-ons – especially the ban that comes into force on 1 April 2016? With brokers losing a number of large professional indemnity lawsuits isn’t it time that you fully understood your wide-ranging client obligations?

Learning objectives

By attending this event, delegates will be able to identify:

• key requirements of ICOBs
• the differences between providing information and giving advice
• when to produce a statement of demands and needs and what goes in it
• latest guidance on ‘add-ons’

Speaker biography

Branko Bjelobaba joined the insurance industry in 1987 and has worked across the sector for a number of leading firms. In 2003 he formed Branko Ltd, an award winning compliance consultancy publisher of a hugely successful series of DIY compliance manuals. He is regularly called upon to write for leading publications, to present to various audiences and has judged the Insurance Age and Health Insurance Awards on a number of occasions. Branko qualified as a Fellow of the Chartered Insurance Institute (FCII) in 1994, holds Chartered status and is also a Member of the Institute of Directors (MIoD). He became a Liveryman of the Worshipful Company of Insurers and a Freeman of the City of London in 2002. Branko was voted Thomson Reuters Compliance Personality of the Year 2012.