FCA Pricing Practices: Pricing & Reporting

The FCA released its Policy Statement and final rules on general insurance pricing practices in May 2021 and subsequently published some amendments and Q&As via PS21/11 on 18^th August 2021.

Following member feedback, we are delighted to welcome back Jill Hambley, Insurance Compliance Services to provide two further updates on the FCA's Pricing Practices. This session will focus on the Pricing Rules and associated reporting requirements, which are due to come into force from 1st January 2022.

This session explores the key issues around Equivalent New Business Pricing (ENBP), when, how and why firms have to report on pricing data and provide practical guidance on how to address the requirements in relation to these two areas.

The talk will last for one hour, followed by 30 minutes Q&A.

Learning Objectives:

By the end of this webinar delegates will be able to identify:

1. key elements of the Pricing Rules and associated reporting requirements

2. how and why firms have to report on pricing data

3. practical steps to achieve compliance

Speaker Biography:

Jill is a highly experienced compliance consultant, senior manager and director having worked in financial services (insurance, pensions, investments and mortgages) for over 25 years. During this time she has gained a detailed knowledge of the regulatory issues affecting insurance intermediaries and designed proportionate and practical solutions for firms that meet both regulatory and commercial requirements.

As well as holding senior positions in several compliance consultancy firms, Jill has also lead the design and implementation of conduct risk audit programmes for major Insurers operating delegated authority arrangements and achieved CII Accreditation for the provision of workshops aimed at assisting firms stay abreast of regulatory developments. Specialisms include client money handling, project management, interpretation of all FCA and associated regulation, Republic of Ireland insurance regulation and designing compliance solutions for secondary intermediaries particularly the motor trade.

Jill became a Director of ICS in the spring of 2018 and Managing Director in August of that year.

Please note: This event is a regional collaboration between the local institutes in the area. Your booking details will be shared with the Insurance Institute of Chelmsford and South Essex, which is acting as the host institute for this event.