Under statutory regulation, firms have to be able to demonstrate that an individual is competent – and remains so – to undertake a specific job to meet the FCA training and competence regulations – a vital aspect of modern regulation.
You must therefore decide how to establish, assess and record competence as well as keep up-to-date with the latest information. Failure to do so will effectively increase business risk.
To address these issues, BIBA and the Chartered Insurance Institute (CII) have pooled expertise and resources to create an industry solution for a training and competency program for the broker market. We have developed a comprehensive, co-ordinated range of online learning and assessment tools, specifically designed for the general insurance broking profession: broker ASSESS.