FCA Business Interruption Test Case Workshop
This comprehensive and interactive webinar will focus on the FCA’s ground-breaking test case at the High Court. While the full hearing won’t begin until 20 July 2020 (and is scheduled to take 8 days) we have already had two days of initial arguments and some of the insurers’ counsel have made interesting responses to the issues being raised by the FCA.
The FCA has conducted a huge amount of assessment of a number of wordings (1,200 brokers and clients alike fed into their request for information) and this event will examine the weaknesses in some and the strengths in others and illustrate the dangers inherent in unclear wordings. Insurers and brokers have new requirements imposed on them as a result of FS20/8 (effective from 17 June 2020). At the same time it will highlight the exposure for insurance brokers all of whom will have arranged these covers for clients (and some will be classed as co-manufacturers under PROD) and encourage them to reassess their advice process under ICOBS and their overriding professional duty to clients.
Learning objectives – by the end of this webinar your firm will gain insights into:
- The Test Case and why brought
- Insurers’ defences
- What FS20/8 requires insurers and brokers to do
- The threat to brokers in terms of the advice process
- ICOBS and how to ensure your sales process is robust
It is relevant to all placing staff and the firm’s senior managers. Joining instructions will be sent out shortly before the Zoom webinar begins and all participants will receive a copy of the presentation to follow and annotate during the talk.
Branko Bjelobaba FCII has worked for 32 years across the sector and latterly at PwC and GISC and has led his own consultancy practice for 16 years. He works closely with BIBA (and has published its compliance manual since 2004) and the CII and has provided many well-received (even entertaining!) training events throughout the UK. He is a recipient of the Thomson Reuters Compliance Personality of the Year Award and the London Market People Award for Legal and Compliance.
Since the start of the lockdown Branko has provided over 50 separate events and the feedback has been resoundingly positive as you can see:-
“Branko’s webinars are certainly one of the best. He can present quite a dry and relatively boring subject with such a passion and engages his public constantly. His events have very valuable content and presentation materials are well prepared and comprehensive.”
“Excellent pre-presentation paperwork helped enormously.”
“The content was excellent and brilliantly presented – most enjoyable webinar yet.”
“Excellent presentation one of the best I’ve attended for a long time.”