Watch Webinar Recording

On 30th November, Kenneth Underhill delivered a webinar on “Fair Value Assessments and Consumer Duty – An Update on the FCA Approach and Enforcement” in conjunction with the Managing General Agents Association. He covered:

• the actions that have been taken by the FCA in relation to the value measures data released on 20th September and why the FCA have taken these actions;
• the FCA’s 3 main areas of concern resulting from the value measures data and why these are relevant;
• the action the FCA expect to be taken at (co)manufacturer and distributor level in relation to the assessment of Fair Value and implementation of the Consumer Duty;
• the factors which contribute to the value profile of a General Insurance product – and how the FCA expect firms to measure and evidence these factors in establishing and proving the fair value performance of products for consumers; and
• a look at the processes to follow and how technology such as VisRisk can help measure value and evidence compliance.

You can watch a recording of the webinar below and download a copy of the slides here.

For more information, or to request a demonstration of VisRisk, please speak with Kenneth Underhill, Claire King or your usual ICSR contact.