Mastering Senior Managers & Certification Regime in the Insurance Sector

FourthLine Learning
Course summary
Professional Training
1 day
799 GBP excl. VAT
Course Dates
799 GBP
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Course description

Mastering Senior Managers & Certification Regime in the Insurance Sector

The regulators are extending the Senior Managers and Certification Regime (SM&CR) to all authorised firms to replace the Approved Persons Regime – this will have a significant impact on a huge number of firms and the rules come into effect from 9th December 2019.

This course provides insights into how Insurers are implementing SM&CR and investigates some of the challenges that the Insurance sector is experiencing and how they are responding to these.

Benefits of attending:

  • Gain sector knowledge of the roll out of SM&CR to date
  • Gain insights to any gaps in your own implementation, and how these can be addressed
  • Learn through case studies of good practice and poor practice across the sector
  • Understand how compliance can be maintained through effective systems, controls and reporting


Multi-Booking and Client Rates available.

This course can also be delivered in-house. Get in touch for more information.

Suitability - Who should attend?

Who should attend:

  • Chief Risk Officers/Risk Directors
  • Compliance Directors/Heads of Compliance
  • Heads of Legal/Company Secretaries
  • Chief People Officers/HR Leaders
  • Anyone captured by the Senior Managers Regime or Certification Regime

Choose this course when:

  • Your firm has implemented SM&CR and is seeking ways to improve associated activities and processes
  • You are an SMF or Certification employee
  • You are accountable or responsible for components of the Senior Managers & Certification Regime

Outcome / Qualification etc.

Learning outcomes:

By the end of the course you will have:

  • Understood the different approaches companies have taken to implementing SM&CR and review examples of best practice
  • Understood the key challenges companies have faced in implementing and embedding the Senior Managers Regime, and how Senior Managers are needing to adapt to the changes
  • Discussed the challenges the Duty of Responsibility is bringing to the Insurance sector
  • Debated case studies of where companies and colleagues have fallen foul of the new regime
  • Understood the challenges Insurers have faced in implementing and running the Certification Regime and Conduct Rules
  • Discuss the systems and controls needed to support ongoing compliance with SM&CR

Training Course Content


  • Summary on the roll out of SM&CR in the Insurance Sector. SMCR itself covers three areas
    • Senior Managers: This covers anyone who undertakes a Senior Management Function. Each senior manager will have a Duty of Responsibility and a Statement of Responsibility but there is no need for a responsibilities map or handover procedures.
    • Certification Regime: This covers people who are not senior managers but whose job means it is possible for them to cause significant harm to the firm or its customers.
    • Conduct Rules:These basic rules apply to all employees except ancillary staff who do not perform a role specific to financial services. There are five high level obligations which apply to all, and an additional four obligations for senior managers.
  • What does SMCR mean for me?
    • Approaches taken by the Insurance sector to complying with SM&CR and what issues have they faced across their firms
    • The Duty of Responsibility – how the Insurance sector has had to adapt
  • Case studies
  • Group Discussion
    • Learnings and best practice implementation
    • Staying compliant – systems, controls and measurements used by the Insurers to stay within the regime

About provider

FourthLine Learning

With over ten years experience helping organisations to build high performing risk and compliance teams, FourthLine Learning was launched to help risk professionals and teams to improve performance, navigate market complexities and make critical decisions more effectively. Our FourthLine Learning...

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Contact info

FourthLine Learning

60 Fountain Street
M2 2FE Manchester

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