Insurance Sector - Framework Overview

Inter-company training

Who is the training for?

All public

Duration

4,00 hours(s)

Language(s) of service

EN

Goals

At the end of this training, the participants will have a holistic knowledge of the insurance sector, including the main stakeholders and the applicable regulatory frameworks. The course shall provide a detailed information about the rules governing insurance business, the tasks, and obligations of insurance agents as well as the behaviours and conduct towards customers:

  • Understand the organisation of the distribution of insurance products
  • Identify the role of insurance intermediaries
  • Know the conditions of access, exercise and control that prevail in insurance intermediation
  • Understand the requirements stemming from the insurance distribution directive and any other relevant regulatory requirements

Contents

  • Insurance sector
    • Overview of the sector
    • Insurance companies
    • Insurance agreement (premium, risks, service)
    • Insurance products
  • *
  • Insurance distribution
    • Regulatory framework
    • Conditions to carry-out the intermediation activities
    • Intermediaries’ liabilities
    • Freedom to provide services and freedom of establishment
    • Regulated distribution channels
  • *
  • Customer relationship
    • Regulatory framework
    • MiFID II and PRIIPS
    • Information to clients
    • Advised, non-advised sales, cross selling
    • Conflicts of interest management and inducements
  • *
  • Financial crime and Sanctions
    • Fight against financial crime
    • Role of the intermediary: Customer Due Diligence
    • Screening: PEP, Sanctions and Adverse information
    • Complying with the sanction regime
  • *
  • Professional secrecy and data protection
  • Professional secrecy
  • GDPR

Additional information

You will gain a broad understanding of the insurance sector within the EU and Luxembourg, with the aim of giving you a high-level overview of the duties and responsibilities of an insurance agent.

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