Course Overview
This training course provides insurance professionals with essential knowledge on ethical considerations, legal frameworks, and regulatory compliance requirements within the insurance industry. Participants will learn how to navigate ethical dilemmas, ensure legal adherence, and maintain high professional standards while mitigating compliance risks.
Course Duration:
5 Days
Target Audience:
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Insurance compliance officers
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Underwriters and claims assessors
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Risk managers and auditors
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Insurance sales and marketing professionals
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Legal and regulatory professionals in insurance
Personal Impact:
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Develop a strong ethical foundation in insurance operations.
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Understand the legal requirements and compliance obligations.
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Enhance decision-making and risk management capabilities.
Organizational Impact:
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Strengthen ethical culture and corporate governance.
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Reduce legal risks and regulatory penalties.
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Build trust with clients, stakeholders, and regulators.
Course Outline
Course Objectives:
By the end of this training, participants will be able to:
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Understand the key ethical principles in insurance.
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Identify and address ethical dilemmas in insurance operations.
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Comply with national and international insurance regulations.
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Implement effective governance and compliance frameworks.
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Develop ethical sales and claims management strategies.
Course Modules
Course Outline:
Module 1: Foundations of Ethics in Insurance
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Importance of ethics in the insurance industry
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Principles of ethical decision-making
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Code of conduct for insurance professionals
Module 2: Regulatory and Legal Frameworks in Insurance
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Key insurance laws and regulations
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Role of regulatory bodies in insurance compliance
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International compliance standards (FATF, IAIS, IFRS)
Module 3: Ethical Issues in Insurance Operations
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Ethical considerations in underwriting and risk assessment
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Transparency in policy terms and conditions
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Avoiding conflicts of interest in insurance transactions
Module 4: Compliance in Claims and Sales Practices
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Legal obligations in claims management
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Preventing fraud and unethical claims handling
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Ethical sales and marketing practices in insurance
Module 5: Governance, Reporting, and Best Practices
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Corporate governance in the insurance sector
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Risk management and compliance strategies
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Whistleblowing policies and reporting mechanisms
Related Courses
Course Administration Details
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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