All legacy companies are aware of the aims of The Senior Managers and Certification Regime (SM&CR) to strengthen market integrity by creating clear accountabilities and standards for individual behaviour; SM&CR requires firms to be clear on individual responsibilities of senior managers and requires those senior managers to take responsibility not just for their own actions but for what happens in their areas of responsibility. IRLA are running a series of courses to assist with this.
This session is suitable for all managers, team leaders and those working on completing a professional qualification. For anyone who has an interest, but several years in the legacy market this would an appropriate information source.
At the completion of this session delegates will be able to:
• Identify the need for and use of capital
• Recognize the various functions within insurance organisations
• Differentiate the need between external and internal regulation