BI Regional Update
We have all closely followed the BI Test case launched by the FCA late 2020, with the final judgment having been handed down on 15 January 2021.
The outcome was clear and far-reaching. The case highlighted the ongoing exposure of insurance brokers who arranged the relevant policies (who should have by now reassessed their advice process under ICOBS, duty of care to clients).
Now that the noise has settled, we will review how the industry acted on the findings and what (if any) other implications have emerged.
By attending this webinar, delegates will be able to:
- revisit the judgment itself and the key categories of BI products
- identify what insurers must do as a result of the findings
- describe how the outcome impacts brokers
In 2019, following his broking years, Roland started his own regulatory compliance consulting firm which helps financial institutions in the UK and EU to meet the challenges of the fast-evolving digital era, from obtaining to navigating the interlinked regulatory sphere. Roland’s experience reflects his passion: digital transformation to secure lasting efficiency and stakeholder success.
Interested, but can't attend?
Don't worry if you can't make the date/time of this webinar, it is being recorded. Please book a place as per normal and use the webinar link to access a recording post event.
Please note: This event is a regional collaboration between the local institutes in the area. Your booking details will be shared with the Insurance Institute of Chelmsford and South Essex, which is acting as the host institute for this event.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.