FCA Supervision of the Insurance Market

Course summary
0.5 days
Next available date: Enquire for details - London
Professional Training

FCA Supervision of the Insurance Market

FCA Supervision of the Insurance Market

1 April 2013 marked the introduction of a new regulatory regime for the UK’s financial services sector.

The FSA was replaced by the twin peaks of FCA and PRA and this has heralded a new approach to regulatory supervision. Out has gone the FSA’s ARROW framework and in its place has come the FCA’s 3-pillar approach to supervision.

This course is intended for those wishing to gain a better understanding and appreciation of the FCA’s ‘new’ approach to supervision, with particular focus on the FCA’s ‘Firm Systematic Framework’

Suitability - Who should attend?

This course is suitable for:

  • Executive and non executive directors
  • Compliance staff
  • Risk managers
  • Operations managers

Outcome / Qualification etc.

This course is worth 3 CII (Chartered Insurance Institute) CPD hours.

Training Course Content

The course covers the following topics:

Setting the context - the FCA’s 3-Pillars

  • Pillar 1 – Proactive Firm Supervision
  • Pillar 2 – Event Driven Work
  • Pillar 3 – Issues and Products

Firm Systematic Framework (Pillar 1) – an overview

  • Prudential and Conduct Classifications – how these drive FCA supervision
  • The look and feel of the new supervisory approach
  • The role and importance of:
    • Governance, Risk & Culture
    • Business Model & Strategy Analysis
    • Product Design & Development
    • Sales Process Analysis
    • Post Sales Transaction Review
  • Embedding ‘fair treatment of customers’ and addressing Conduct Risk

Preparing for FSF


Contact Searchlight for more information and pricing details.

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Provider: Searchlight

Searchlight - Training Courses for the Business Insurance Industry

Searchlight - Leading UK Training & Consultancy Company for Insurance and Financial Services Professionals

Searchlight is the UK's foremost provider of training for the insurance and financial services industry, covering the full range of technical, regulatory and soft skills needed by professionals operating in this dynamic business environment. Searchlight was the first organisation to receive...

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Contact information for Searchlight


Riverbridge House
Guildford Road
KT22 9AD Surrey

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