Bitesize: Don’t let red tape hold you back
Tick-box compliance can be dangerous. It can lead to a lack of understanding of the risks and benefits of good and bad performance. For example, complaints can be pointing out how you can improve your business. Complaints equals friction and friction equals costs. Too much compliance of the tick-box type can be expensive and ineffective, whereas understanding FCA requirements and expectations can lead to efficiency and cost-savings.
In this session, we will explore the regulatory requirements in the industry, the impact of compliance on business operations, why conformance equals performance and what would happen if we took away regulation completely.
Learning objectives:
- What is regulated & why
- Benefits of Regulatory Compliance
- Successful business activities
- Technology’s role in Compliance
- Compliance and Customer Trust
- Measuring Compliance success & overcoming challenges
- Future trends in Compliance
Speaker biography
We will be joined by Ian Pritchard who has worked in the insurance industry for over twenty-five years. Ian has held various roles including senior management roles at insurers and brokers of all shapes and sizes. This broad industry exposure has provided experience and insight in an almost complete 360-degree fashion, enabling him to understand and empathise with the varying goals and agenda of entities operating within the market.
To book: email Deborah@createsolutions.co.uk or phone 0161 870 6637. The session will be held via Zoom and details will be sent to delegates in advance of the session.