T&C in Insurance

Course Code:
Dates:	On a date of your choice
Venue:	Central London
Course Fees:	Available on application
CPD Credits:	6

Course Outline
This course will focus on the particular challenges to general insurance firms presented by the limited Training and Competence (T&C) rules, the overarching competence standard for all staff and the shift to a principles, outcomes based approach. Training and competence failure is frequently a root cause of major FSA enforcement actions, where there have been many cases of breaches of Principle 2 for Businesses: "A firm must conduct its business with due skill, care and diligence." Clearly, firms must be able to evidence effective controls for the competence of all staff.

It is designed to help those engaged in setting and managing T&C standards to ensure a proportionate approach which satisfies regulatory expectations through aligning training and competence with the company’s strategy, operations and performance management. It will go beyond a regulatory ‘tick box’ approach.

In summary the aim is to create a practical risk and outcomes based approach to the management of T&C, with Key Performance Indicators to monitor and report on its effectiveness.

How Will Delegates Benefit
This workshop will help you to:

• Benchmark your approach against regulatory developments and industry best practice
• Explore the T&C failures in relevant enforcement actions
• Focus on the outputs and make the links between T&C and regulatory initiatives like TCF
• Identify the essential elements for maintaining competence
• Examine the T&C tools and techniques available to the industry
• Apply the key role of supervision in making your scheme effective
• Build your training plan for the coming year
• Validate the management information you use
• Identify the risks and on-going controls
• Understand how the FSA approach T&C in an ARROW visit

Who Will Benefit
You should attend the event if you have responsibility for:

• High level oversight of T&C in your firm
• Managing the training function
• Monitoring compliance with T&C requirements

Training Approach
This workshop combines trainer input, knowledge sharing with interactive syndicate work and case studies. Group size is kept to a maximum of 15 to facilitate experience sharing amongst the participants

Course Leader: John Constable
John has 16 years training experience with both insurers and brokers. His versatility allows him to lead both technical and developmental events and provide “joined up thinking”, using current and relevant examples to illustrate and clarify points. Training and coaching in many business subjects, he brings to them commercial awareness, reality and energy. He was Head of People Development at JLT Risk Solutions where he engineered a number of critical projects to support the business, including the development and implementation of robust structures, policies and procedures to comply with the FSA’s requirements for Training & Competence. He frequently consults on performance management, training strategy and processes, role profiling and appraisal/performance review.

Session	Aim	Content
Update on the rules and their application	Clarify FSA expectations of T&C for for general insurance firms	Reviewing the rules and the  implications of a principles based approach SYSC v T&C Sourcebook v TCF T&C elements of enforcement actions
Maintaining competence on a ongoing basis	Identify measures which specify, assess and monitor competence	Identifying competence, skills and knowledge Setting benchmark competence standards Using competence and competency matrices Optimising the job description/role profile
The key role of supervision	Establish a robust process for monitoring and developing the skills of supervisors	T&C Policy: a principles based health check T&C within performance management: appraisal review for supervision and development A competence framework for supervisors
T&C strategy and planning	Construct a proactive, output oriented training plan	Identifying the end to end process Annual training planning: to demonstrate regulatory robustness and a business imperative
Key Performance Indicators and Management Information	Set appropriate controls and reporting	Defining valid KPI’s Producing Management Information to review inputs and monitor outputs Reporting information to understand issues
FSA monitoring and T&C	Know how to manage regulatory risks in relation to T&C	Regulatory priorities and their implications for T&C The FSA's approach to Arrow visits Typical questions concerning T&C

Booking

If you are interested in booking this course, or if you have any questions, please call call us on 01327 858307.