26/09/2019 | Webinar

This event involves sharing experiences and know-how to help MGAs optimise their transition from the approved persons regime to the senior managers and certification regime (“SMCR”).  MGAs face a key deadline for SMCR on 9 December 2019 and the seminar will help expedite and enhance MGA’s ability to meet that deadline and ongoing requirements.  John King, formerly a general insurance supervision manager at the FCA, will discuss the framework methodology for implementation.  Jeremy Irving and Ian Deakin of Browne Jacobson LLP will discuss issues they have encountered on SMCR implementation projects.

Learning Objectives
– To help MGAs prepare for the transition to SMCR in relation to both regulatory and employment law considerations;
– To help those with preparations underway think further about how these might be fine-tuned;
– To help those whose preparations are delayed, to manage their transition on an expedited and efficient basis.

Compliance Management Services Ltd (CMS)

Norman’s insurance career began straight from university in 1981, when he took on a graduate trainee role at Cornhill Insurance. After seven years’ commercial underwriting experience in the company market, he joined a regional broker where he spent the next nine years successfully developing the firm’s general insurance business. When the brokerage was acquired by City-based Stuart Alexander Ltd in 1997, Norman took on a variety of project-based roles, including the integration of other insurance businesses which Stuart Alexander subsequently acquired, setting up delegated underwriting authority facilities for specialist products and the implementation of insurance compliance under what was, at the time, the General Insurance Standard Council (GISC) regime.

Ahead of the statutory regulation of the insurance intermediary sector in 2005, Norman saw an opportunity to establish his own consultancy business, to offer the skills and knowledge he had acquired to a wider range of firms. This led to the creation of Compliance Management Services Ltd (CMS) in 2003. Over the following years, he and the team he built up around him have assisted many brokers and MGAs with the implementation of FSA, then FCA, regulation, with an emphasis on making compliance part of running a successful business.

Norman’s work with the MGAA began in 2013, since which time he has become a familiar face to many members. As well as attending and speaking at events aimed at an MGA audience, Norman and his colleagues work directly with several members of the MGAA and are authors of the Association’s bi-monthly Compliance Newsletter and Regulatory Calendar.

Ian Deakin

Jeremy Irving

John King