The Practical Insurance Compliance Officer Course

Day 1 – 10 November 2020 – 1500 hrs

• The market players (Regulators, Insurers, Intermediaries, etc)
• Independence & Responsibilities of the Compliance Officer
• GRC & the 3 Lines of Defence – The position & role of the Compliance Officer
• Knowledge requirements of the Compliance Officer & Expert support

Day 2 – 12 November 2020 – 1500 hrs

• The Compliance Plan & Documenting Compliance Work
• Compliance Sign-Offs
  • Board Policies
  • Insurance Policy Wordings
  • Client documents
  • Outsourcing agreements
  • Marketing
  • Regulatory Reporting – ORSA / SFCR / RSR
  • Websites
  • POG
• Compliance Reporting
• Complaints Handling

Day 3 – 17 November 2020 – 1500 hrs

• Passporting & General Good Requirements
• Insurance Premium Tax
• MFSA approvals
  • Approved persons
  • Changes in Shareholding / UBO’s
  • Changes in M&A
  • Changes in Business Plan
  • Outsourcing Agreements
  • Delays in submissions
  • Variance from licencing conditions
• AML & PMLFTR

Day 4 – 19 November 2020 – 1500 hrs

• Assessment Areas
  • Corporate Governance
  • Regulatory Reporting
  • Directives – Solvency II & IDD
  • Delegated Regulations
  • Insurance Legislation – IBA & IDA
  • Company Law
  • Rules – Insurers / Intermediaries / Conduct
  • Fit & Proper
  • Oversight of outsourcing service providers and intermediaries
  • Data Protection
  • BCP
  • Cyber Security
  • Fitness & Properness of Directors and Senior Management
  • CPD Training
  • Outsourcing/Onboarding
  • Solvency / Own Funds
  • Conflicts of Interest

Day 5 – 24 November 2020 – 1500 hrs

• Ongoing checks – Solvency/Regulatory deadlines
• Communication with Regulators + MFSA Circulars
• Breach Reporting
• The regulator – fines & thematic reviews