Course Overview
This course provides a deep dive into international insurance standards, regulatory frameworks, and compliance requirements. Participants will explore the global regulatory landscape, best practices, and how international compliance influences local insurance markets.
Course Duration:
5 Days
Target Audience:
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Insurance professionals
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Compliance officers
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Risk managers
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Regulatory authorities
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Auditors and legal advisors in the insurance industry
Personal Impact:
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Gain an in-depth understanding of international insurance compliance.
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Learn to align local practices with global regulatory standards.
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Enhance decision-making in regulatory and compliance-related matters.
Organizational Impact:
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Strengthen compliance with international regulatory frameworks.
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Improve governance and transparency in insurance operations.
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Reduce financial and reputational risks through adherence to global standards.
Course Outline
Course Objectives:
By the end of this training course, participants will be able to:
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Understand key international insurance standards and regulations.
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Identify the role of global regulatory bodies in the insurance sector.
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Ensure compliance with international best practices.
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Analyze the impact of compliance on risk management and business strategies.
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Implement measures to meet global reporting and audit requirements.
Course Modules
Course Outline:
Module 1: Overview of International Insurance Standards
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Importance of international standards in the insurance industry
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Key international regulatory frameworks and their objectives
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Differences between local and international compliance requirements
Module 2: Key Regulatory Bodies and Global Compliance Frameworks
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International Association of Insurance Supervisors (IAIS)
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Solvency II and its impact on global insurance companies
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IFRS 17: Insurance Contracts – compliance and reporting
Module 3: Risk-Based Supervision and Corporate Governance
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Principles of risk-based supervision (RBS) in insurance
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Corporate governance requirements for insurers
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Role of actuaries and financial analysts in compliance
Module 4: Anti-Money Laundering (AML) and Financial Crime Compliance
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AML and Counter-Terrorism Financing (CTF) regulations
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Know Your Customer (KYC) requirements in insurance
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Global initiatives against insurance fraud
Module 5: Emerging Trends and Future of Global Insurance Compliance
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Digital transformation and regulatory technology (RegTech)
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Climate risk and ESG (Environmental, Social, and Governance) compliance
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The future of international insurance regulation and compliance
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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