Product Value Assessments - countdown to the FCA deadline

In this comprehensive and interactive General Insurance webinar, Branko Bjelobaba FCII covers the work to be done on the Product Value Assessments which must be completed by 30 September and the 90-day extension given to brokers to prevent customer harm.

The FCA has expressed its disappointment '...with the progress made by many manufacturers which falls short of expectations on timely implementation.' Both brokers and insurers have an important role to play - this session will ensure you understand what your respective roles are.

Branko will cover the current position on multi-occupancy insurances following intervention by the Government (very much part of the product governance and value assessments work).
The session will also include an overview of the final Consumer Duty rules published on 27 July 2022.

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 they 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. It considers that firms are not consistently and sufficiently prioritising good consumer outcomes and this causes consumer harm and erodes consumer trust.

Learning objectives:

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

This webinar will be hosted on Zoom. Please ensure you have registered with the platform prior to the webinar and familiarised yourself with their T&Cs and Privacy Statement.

Please note, this session will not be recorded so a webinar playback will not be available for members who do not attend the live event.

All participants will receive a copy of the presentation post-webinar.

Please contact Gemma Warren (07436 263847) with any queries regarding this event.

You will be sent a confirmation email shortly after booking. If you have not received this within one hour, please contact Patricia Pedraza (07463 028327)