Course

Principles of Insurance Regulation and Supervision

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General information

Date
To be confirmed
Time
17:30–19:00 CET
Venue
Online
Price
€440

Principles of Insurance Regulation and Supervision

Overview

The intention of this programme is to provide the participant with an explanation of the prudential and conduct requirements expected of insurance market players in Malta. The programme covers the Insurance distribution Act as transposed from the IDD and outlines the various relevant rules and regulations issued by the authority.

Objective

This programme is suitable for those working or intending to work within a regulatory environment or are responsible for Insurance compliance and regulation.

  • Technically knowledgeable in Insurance and its respective operations.
  • Able of performing technical work and supervising the work of subordinates from a regulatory perspective.
  • Able to monitor and test policies and procedures in line with regulatory requirements.
  • Able to guide employees including management on matter related to compliance and supervision.

This training programme is aimed at participants involved in compliance and regulation.

There are no entry requirements to participate on this programme since MITC believes that any student who seriously commits himself/herself has the potential to succeed. Nevertheless, MITC strongly advices that students should ideally have acquired a proven academic aptitude and a business inclination.

Those participants attending 80% of the programme and who are also successful in their examination will receive a certificate of achievement by the Malta International Training Centre (MITC).

A certificate is issued at the end of the programme which can be presented as evidence during supervisory inspections by the Regulator.

The course consists of 18 contact hours, held once a week. A total of 12 sessions of 1.5 hours duration (17:30-19:00 CET). A further of 54 hours of self-study is required. Examination will be held between 0930-1130hrs.

There will be 1 examination session of 2 hours duration, during which candidates will be expected to answer 10 questions. The pass mark is set at 55%.

Various lecturers from the MFSA and industry.

To be advised shortly.

To be updated shortly

 

                                            

€440 per participant (includes tuition, course material, examination and certification).

  • Companies effecting group bookings (four or more participants) are entitled to a 10% discount. For group bookings kindly send an e-mail to info@mitcentre.com.
  • A 25% cancellation fee is payable for cancellations received within 15 days of the start of the programme.
  • No refund will be entitled after the commencement date of the programme.