Obligations of Intermediaries under the IDD

Intake Opening Soon 5:00 - 7:00pm Online

 

Description

The course will outline the main regulatory obligations that emanate from the IDD as they apply to insurance intermediaries when they carry out their distribution activity. The local regulatory context of these obligations will be explained hence addressing the different obligations as they feature in the local prudential and conduct regulatory frameworks.

 

Course Topics

  • Regulatory context: the IDD and its transposition into the local prudential and conduct regulatory frameworks
  • The application of the regulatory frameworks to intermediaries
  • The obligations emanating from these frameworks including amongst others knowledge and ability requirements, CPD requirements, disclosure requirements, product governance, conflicts of interest, sales processes and selling practices
  • A brief outline of financial penalties and other measures which may apply

 

Learning Objectives                                                                                                                

The aim of the session is to highlight to the intermediaries the main obligations that emanate from the Insurance Distribution Directive and which they are expected to adhere to as they carry out their distribution activities.

 

Target Audience                                                                                                                         

Insurance intermediaries who distribute insurance products including brokers, agents and tied insurance intermediaries, as well as persons within these set ups who deal with insurance distribution.

 

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

Josianne Briffa, B.Accountancy (Honours), MA Financial Services, CPA

Josianne has over 15 years of experience in financial services, specialising primarily in the area of financial regulation. She started her career within the Financial Services Advisory Team of a leading audit firm, after which she joined an international group where she led the Compliance and Internals Controls unit for the group’s insurance entities in Malta. In 2013, Josianne joined MAPFRE Malta and she holds the role of Group Chief Compliance Officer.

Josianne is a Certified Public Accountant and holds a Master of Arts in Financial Services with distinction from the University of Malta. She was the first Chairperson of the Regulatory Affairs Sector of the Malta Insurance Association and is a member of the Malta Association of Compliance Officers.

 

 

I'm interested in this course

If you are interested to join this course when the intake is open please fill in the form below.

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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