Compliance
Customers are protected by both general law and specific regulations, such as the Insurance Distribution Directive (IDD). The IDD outlines the information that must be provided to consumers before they enter into an insurance contract.
Compliance
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In addition, the IDD:
- Establishes conduct of business and transparency requirements for distributors,
- Clarifies procedures and rules for cross-border business,
- Sets out the supervision and sanctioning guidelines for insurance distributors who fail to comply.
Regulators place a strong emphasis on good governance in insurance and its distribution channels. The principle of “Treating Customers Fairly” should be integrated into all your operations.
We have the expertise to review and monitor these activities from a compliance perspective and can provide guidance on all compliance-related matters.
Being a Certified Compliance Officer we can act as Chief Compliance Officer on an ad interim basis.
If you’d like to learn more about the services we offer, please don’t hesitate to contact us via email or by filling out the contact form. We look forward to assist you.