CII publishes qualification coursebook to aid compliance
The new qualification coursebook is entitled: 'Risk, regulation and capital adequacy'.
The FSA assumes full regulatory control of the general insurance market as of 14 January 2005. The coursebook has been conceived and written specifically to address the FSA's risk-based approach to regulation.
The coursebook supports the CII's new examination unit, 'Risk, regulation and capital adequacy'. This paper is compulsory for those sitting the Advanced Diploma in Insurance. It replaces the 'Risk and insurance' unit with effect from the April 2005 examination session.
Dr Sandy Scott, Director General of the CII said: “How companies manage risk at the corporate level, in particular with regard to capital adequacy and the development of regulatory capital requirements, is a critical issue. This coursebook book will be an invaluable tool to help insurers and reinsurers get to grips with the FSA’s requirements. It will encourage the highest standards of competency and propel organisations towards full compliance with the new regime.”
'Risk, regulation and capital adequacy' can be purchased from the CII at a cost of £65 for CII members (£75 non-members).