IINI Masterclass 2022-23: World Economy and FCA Consumer Duty and Product Governance update

Join us for our first face-to-face Masterclass since 2020 - it's great to be back and we have a great line-up: Arnab Das presenting on the World Economy and Branko Bjelobaba updating on FCA Consumer Duty and Product Governance for GI.

Arnab's session will see him sharing his extensive knowledge and experience to provide a fascinating - and extremely timely - session on the world economy.

Branko's session will discuss how the FCA want to see a higher level of consumer protection in retail financial markets, where firms compete vigorously in the interests of consumers and their wish to drive a healthy and successful financial services system in which firms can thrive and consumers can make informed choices about financial products and services.

This General Insurance focused session will also include an update on Product Value Assessments that have to be completed by 30 September (note the FCA have criticised insurers for their lack of progress with this) and have given brokers an extension of 90 days so as to prevent customer harm. Both brokers and insurers have an important role to play and this session will ensure you understand what it is you have to do.

The event will be held in the Clayton Hotel, 22 Ormeau Avenue, Belfast, BT2 8HS, tea, coffee and breakfast will be served from 8.30am starting at 9.00am on the 20^th October 2022.

Both face to face masterclasses in this series will be provided FREE OF CHARGE,

To register, please confirm your attendance to: iain.patterson@daviesinsurance.co.uk

Learning Objectives
By the end of the session you will gain an overview of:

World Economy session:

• Inflation and why it has increased greatly and its impacts on everyone.
• Interest rate rises and its impacts.
• Financial Markets affecting pensions and investments generally in the UK, EU, US
• Northern Ireland Protocol including Brexit.
• How Brexit is impacting on placement of Insurance for Northern Ireland customers

FCA Consumer Duty session:

• What is the new Consumer Duty and what will you have to do;
• A reminder as to current issues when it comes to general insurance:-
• Key aspects of the product governance rule to include product value assessments (that have to be concluded by 30 September 2022);
• Present position on multi-occupancy insurances and the ramifications of this for insurers and brokers alike.

Speakers
Arnab Das joined Invesco in London in 2015 as head of EMEA and EM Macro Research and has been Global Macro Strategist, EMEA since 2018, engaging on economics, policy and markets with institutional and official investors, governments, the IMF and other official institutions, as well as Invesco investment teams.

Arnab has 30 years of investment industry experience and has provided policy advice and views on economics, markets, communication, sovereign risk and ratings to policymakers in Argentina, Brazil, Mexico, Russia, Turkey, South Africa, India, Indonesia, South Korea; governments affected by the Eurozone crisis; the IMF and US Treasury. Arnab studied at Princeton (AB) and LSE (PhD). His research interests include economics, economic and financial history, geopolitics and geo-economics.

Branko Bjelobaba FCII started his insurance career in 1987 and has worked across the sector including stints at PwC and GISC and has led his own consultancy practice since 2004. He works closely with AMII, BIBA and the CII and has provided hundreds of well-received (even entertaining!) training events throughout the UK. He is a recipient of the Thomson Reuters Compliance Personality of the Year Award, the London Market People Award for Legal and Compliance and was Highly Commended in the CII Public Trust Awards 2021. Last year he was quoted in the insurance press on 81 occasions.