BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//The Lime Street Guide - ECPv6.16.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:The Lime Street Guide
X-ORIGINAL-URL:https://staging.limestreetguide.com
X-WR-CALDESC:Events for The Lime Street Guide
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Europe/London
BEGIN:DAYLIGHT
TZOFFSETFROM:+0000
TZOFFSETTO:+0100
TZNAME:BST
DTSTART:20200329T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0100
TZOFFSETTO:+0000
TZNAME:GMT
DTSTART:20201025T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0000
TZOFFSETTO:+0100
TZNAME:BST
DTSTART:20210328T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0100
TZOFFSETTO:+0000
TZNAME:GMT
DTSTART:20211031T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0000
TZOFFSETTO:+0100
TZNAME:BST
DTSTART:20220327T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0100
TZOFFSETTO:+0000
TZNAME:GMT
DTSTART:20221030T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210819T100000
DTEND;TZID=Europe/London:20210819T110000
DTSTAMP:20260606T145325
CREATED:20210723T090744Z
LAST-MODIFIED:20210723T090744Z
UID:58781-1629367200-1629370800@staging.limestreetguide.com
SUMMARY:Webinar: FCA’s NEW GI Pricing Practices\, Product Governance and Product Value
DESCRIPTION:In this comprehensive and interactive webinar\, Branko Bjelobaba FCII focuses on the long-awaited policy statement published by the FCA – General Insurance Pricing Practices Market Study – Feedback to CP20/19 and Final Rules (PS21/5). The 87 pages of new rules address what has been described as the ‘loyalty penalty’ paid by existing general insurance product customers and aim to ensure that customers receive fair value in the insurance products they buy. \nDescription\nThis is of crucial concern for the London Market where such arrangements will have to be closely examined (who is in the chain\, what they do\, what they get paid and whether this is commensurate with what they do and how this provides value to the end customer) and signed off by distributors at least once every 12 months. \nThe rules introduce a package of market remedies which include: \n\nA requirement that when a firm offers a renewal price for home and motor it can be no greater than the equivalent new business price for a new customer;\nAdditional product governance rules that require firms to deliver products that offer fair value to all customers – personal and commercial lines;\nRules to enable firms to offer accessible and easy options for customers wishing to cancel auto-renewal;\nOnerous reporting requirements to support the ongoing supervision of the home and motor insurance markets.\n\n \nThe rules relating to systems and controls and product governance will come into effect on 1 October 2021 (i.e. in just over two month’s time). The rules on pricing\, auto renewal\, premium finance and reporting will come into effect on 1 January 2022\, with a transitional provision (until 17 January) for the rules on pricing and auto renewal disclosure. \nGain an insight into:\n\nThe new rules to end ‘price walking’ whereby existing customers pay more than new customers;\nWhat significant changes to internal policies have to be made;\nWhat product governance arrangements will be including existing distribution arrangements;\nAn understanding of “value” when it comes to all forms of general insurance.\n\nSpeaker\n\nBranko Bjelobaba FCII\, Senior Consultant on FCA Compliance\, Branko Limited\n\n		\n\n							\n					Share this event with your colleagues:\n				 \n			\n			\n\n								\n		\n\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Facebook\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Twitter\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																LinkedIn\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Email\n									\n						\n\n											\n					\n									\n			\n					\n		\n			\n		\n		Visit Event Website
URL:https://staging.limestreetguide.com/event/iil-webinar-fcas-new-gi-pricing-practice/
LOCATION:Online
CATEGORIES:Online,Education & Training,CPD Certified
ATTACH;FMTTYPE=image/png:https://staging.limestreetguide.com/wp-content/uploads/2017/09/logo-the-insurance-institute-of-london-e1539464378247.png
ORGANIZER;CN="The Insurance Institute of London (IIL)":MAILTO:Iil.london@cii.co.uk
GEO:51.533166;-0.130418
END:VEVENT
END:VCALENDAR