Professional Indemnity: the harshest of markets
In this IIL financial services webinar, Matthew Connell examined developments in the professional indemnity market, and what this tells about compulsory insurance as a regulatory tool.
Professional Indemnity requirements for regulated professionals have been standard for decades. They are a way of applying private sector standards of risk mitigation for regulated professionals as an additional line of defence, protecting statutory compensation schemes. However, recent developments in the market for financial advisers have raised serious questions over whether this approach to regulation delivers good outcomes for consumers.
This seminar examined whether professional indemnity insurance is still a useful regulatory tool, or if radical change is needed to provide the best consumer outcomes in future.
By the end of this webinar members would have gained an insight into:
- Why regulators rely on compulsory professional indemnity insurance
- How the market has developed, especially in relation to financial advisers
- How the system could be reformed in future
- Online event
You will be sent a confirmation email shortly after booking. If you have not received this within one hour, please contact Patricia Pedraza (020 7397 3911).
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.