On this occasion our speakers and the topics they will cover are:
ESG – What, where, how, why?
- Alex Hindson, Chief Risk & Sustainability Officer - Argo Group
Everybody is talking about ESG, but what does it involve and how should insurers be thinking about approaching its practical implementation? Thinking about what you are trying to achieve and Why before putting into place a framework and plan. Think about who is accountable. Think holistically about the Sustainability / ESG message, and what you want your stakeholders to know, and don’t fall for the temptation of creating E + S + G silos. Don’t try to do everything. Do a few things that matter well. Hence think about what is material in terms of underwriting, investments and operations. and beware of Greenwashing in external reporting and disclosure.
Annual Planning Priorities for Internal Audit
- Marc McNulty Director FS Internal Audit,
- Mark Westbrook Director IT Internal Audit
- Laura Coe Senior Manager FS Internal Audit- Deloitte
In this session Deloitte will present their update to the to the annual Planning Priorities analysis to support insurers' own risk assessment or help to validate the plan. The session will include a view on why the topic is important, what is new about it and an overview of what Internal Audit teams should be covering in their scopes.
Consumer Duty – how should internal audit tackle this new regulation?
- Blandine Arzur-Kean - Managing Director, Regulatory, Financial Services Group - Grant Thornton
- Manav Soni - Managing Director, Business Risk Services, Financial Services Group - Grant Thornton
The FCA’s rules on Consumer Duty were finalised in July 2022. It will be effective from 31 July 2023 for all products and services that are either new, remain on sale, or are open for renewal and will apply to closed products and services from the end of July 2024. The FCA is also expecting firms to communicate product information to their distributors by the end of April 2023.
Firms seek to implement and embed the processes and controls that will be required to meet the Consumer Duty rules, and Internal Audit functions have a critical role to play.
In this session, Bladine and Manav will consider why Consumer Duty is so important for Internal Audit, what Internal Audit functions need to consider, and how they can provide impactful assurance at each point in the programme’s lifecycle and post implementation.
The Seminar will begin with registration and refreshments at 9.30am, will include a mid morning coffee break and finish with a sandwich/ buffet lunch at 1pm.
The cost per head to attend is £75