WEBINAR: How general insurance can cope financially as a result of coronavirus

This comprehensive and interactive one hour webinar will focus on the critical financial aspects of riding this storm - overall business solvency, (compliance with adequate resources COND 2.4), looking at key areas of the business, revised requirements of senior managers, reviewing expenditure, reliance on key clients, HMRC help, furloughing, cutting unnecessary spending and looking ahead.

It goes in hand with the separate “FCA general insurance changes in response to coronavirus” event which focuses on the long list of updates to rules and guidance now finalised by the FCA for the general insurance sector (published 1 May 2020) and is a one stop shop for knowing what has to be done in a compliant and timely manner.

Learning objectives - by the end of this webinar delegates will gain insights into:

• What the FCA expect right now
• Assessing overall business solvency
• Carrying out a review of all expenditure
• Reviewing exposure to key clients and inherent risks
• Taking advantage of what help is available
• Furloughing and other staff matters
• Looking ahead to the next stage of any cost reduction
• Does business interruption insurance (BII) cover any of this?
• Exposure from selling defective BII to clients
• Responsibilities of Senior Managers at this time

It is relevant to general insurance brokers/intermediaries, their insurers and any other market participants. Joining instructions will be sent out shortly before the Zoom webinar begins and all participants will receive a copy of the presentation after the talk.

Speaker bio

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 20 separate events for local institutes and the feedback has been resoundingly positive – “Branko has no peer on compliance, regulation and governance and shone again today on a topical and important subject.”

CII CPD event accredited (1 hour) - demonstrates the quality of an event and that it meets CII member CPD scheme requirements. Lectures, seminars and podcasts can be included as part of your CPD requirement should you consider it relevant to your professional development needs. It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as you may be asked to provide this if your record is selected for review.

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