Regulation of General Insurance Intermediaries

Venue: Radisson Edwardian Kenilworth

Location: London, United Kingdom

Event Date/Time: Nov 19, 2002 End Date/Time: Nov 20, 2002
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Description

General insurance intermediaries are about to be regulated by the Financial Services Authority for the first time. The changes this will bring to independent brokers, agents acting for specific insurers and to insurers engaged in direct selling, are huge and costly. The reputation and business of both intermediaries and insurers is at stake if regulated intermediaries fail to reach the required standards.

This conference is ideally timed to provide hard facts and specific advice on the detail of the legislation, which will be in Parliament by October. It has been carefully researched with those responsible for regulatory affairs, compliance and agency management within brokers and insurers and focuses on providing solutions in the most challenging areas, including:

· Hear from the FSA on the approach they will take to regulation
· Exactly which intermediaries and which products will be affected by the new rules?
· Disclosure of commission payments; what are the new requirements?
· The impact of Europassporting and cross-border policy issues on your business
· Structuring your agency agreement in the light of new regulation
· Training and Competence requirements explained and a practical workshop on managing key performance
· Money Laundering; advanced compliance tips for brokers

Speakers will include representatives from the Financial Services Authority as well as leading insurance industry experts and many leading legal and strategic advisers to brokers and insurers.

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