Insurance laws and related regulations in Malta, including SFDR, DORA, ACP and PEPP

Starting: 5th June 2024 17:00 - 19:00 Online

This two-hour lecture will detail the requirements of the two main insurance regulations in Malta: the Insurance Business Act and the Insurance Distribution Directive and also create awareness of the various related regulations that are both existing and emerging.

Description

This CPD shall cover in some detail the Insurance Business Act and the Insurance Distribution Act. Additionally, we will touch upon several key aspects including PRIIPs, Unfair Contract Terms, Distance Selling Rules, and PEPP. Furthermore, the session will delve into topics such as the Compensation Fund and the Complaints Process, addressing both local and cross-border considerations. The discussion will also encompass the latest updates from EIOPA since 2022, exploring their relevance to the insurance sector. This includes insights into SFDR (Sustainable Finance Disclosure Regulation), Greenwashing, Retail Investment Strategy, and considerations around Value for Money.

Course Topics

  • Insurance Business Act
  • Insurance Distribution Act
  • PRIIPs
  • Unfair Contract Terms
  • Distance Selling Rules
  • PEPP
  • The Compensation Fund
  • Complaints Process both local and cross border
  • EIOPA updates since 2022 related to Insurance including SFDR, Greenwashing, Retail Investment Strategy and Value for Money

Learning Objectives

  • Understand the requirements of the Insurance Business Act and the Insurance Distribution Directive;
  • Awareness of the various related regulations that are both existing and emerging.

Target Audience

Anyone working in the insurance sector.

Assessment Questions and Answers

In line with MFSA requirements, a short multiple-choice assessment will be provided by the trainer towards the end of the session. A Certificate of Attendance will be awarded to all students who attend the CPD (duration will be included on certificate). A Certificate of Achievement will be awarded to those who sit for the assessment and are successful (pass mark 60%)

 

Trainers

Pauline Azzopardi FCII, B.Sc. (C. Hons), CeFA, Cert PFS

Ms. Pauline Azzopardi has enjoyed a career of over 30 years, working in senior management roles with some of the world’s largest international banking and insurance institutions including Munich Re and HSBC.
Pauline Azzopardi has been a member of the European Insurance and Occupational Pensions Authority (EIOPA) Insurance and Reinsurance Stakeholder Group (IRSG) and Occupational Pensions Stakeholder Group (OPSG) for the last 4 years. She is also the International Engagement Board member of the Chartered Insurance Institute.

Pauline is a Fellow of the Chartered Insurance Institute and holds a Bachelor of Science Hons degree in Chemistry and Biology from the University of Malta. She is a part-time academic and has delivered lectures in financial services including wealth management, life assurance, financial planning, portfolio management and pensions since 1992 in countries such as Bahrain, Oman, India and Malta. She is currently a visiting lecturer at the University of Malta.

 

Register Now

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Why Choose Us

MITC is made up of a close-knit team with a real passion for learning and insurance, who believe in the continuous development and empowerment of individuals through learning. We understand all of the nuances and challenges that come with insurance training and, that is why we’re here to help you get your training right.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring participant needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

Our training services are accredited by the Malta Further and Higher Education Authority (MFHEA) and the European Qualifications Framework platforms. MITC’s homegrown insurance programmes are recognised by the renowned Chartered Insurance Institute, UK.

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