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AMII to host second IDD compliance workshop

Half-day event provides an overview of the final IDD rules

The Association of Medical Insurers and Intermediaries (AMII) is hosting its second Insurance Distribution Directive (IDD) masterclass later this month. 

Branko Bjelobaba, senior consultant on FCA compliance, Chartered insurance practitioner and accredited advanced general insurance trainer, will lead the workshop called “IDD: What you should have in place now – or do you know how to sell legally!”

Aimed at specialist healthcare insurance intermediaries, it will provide a detailed overview of the final IDD rules which required implementation from 1 October 2018.

The half-day workshop on 25 June will cover areas such as compulsory training, marketing materials, conduct of business, product oversight and governance, conflicts of interest, systems and controls, professional indemnity insurance cover and client money.

There will also be an update on GDPR to clarify what clients should be told and what marketing can be done lawfully, as well as a brief overview of the forthcoming Senior Managers and Certification Regime (SM&CR), which replaces the FCA’s Approved Persons Regime from December 2019.

Stuart Scullion (pictured), executive chairman of AMII, said that since IDD and GDPR were implemented, the changes within the sector have been significant. 

“Although this can be a challenging and long process for businesses, the benefits are extensive,” he added.

A limited number of places are available for the workshop from noon to 3:30pm at Bupa, 102 The Quays, Salford Quays.

Delegates from member firms will pay £99 per person to attend (the charge for non-members is £299). The cost includes all course materials, a copy of the training presentation and refreshments.