- Brexit – where do we go from here?
Sian Hill – Partner – KPMG and Amir Sethu – Director - KPMG
On 23 June 2016 the UK voted to leave the EU. As a result, there is a significant risk that once the UK has exited the EU, UK insurance companies will no longer be able to 'passport' across the EEA (or EU insurers passport in to the UK) or manage their capital as a central pool. While there are still many uncertainties around both the impact and timing of the UK's exit from the EU, insurance groups need to start thinking about how they might deal with the loss of 'passporting' and central capital management and how long a new operating model might take to implement.
Sian and Amir will discuss the latest developments, key concerns across the market and how firms are responding to those concerns as well as the themes around potential new operating models that they are starting to see emerge.
- Legislation update – observations and insights
Andrew Bandurka - Partner - Holman Fenwick Willan LLP
English insurance law is undergoing the most fundamental reform since the Marine Insurance Act of 1906. A trio of recent legislative measures has made insurance law much more favourable to the buyer. Andrew will explain the background to and the legal and practical effects on insurers of the Insurance Act 2015, the Enterprise Act 2016, and the changes to the Third Party (Rights Against Insurers) Act 2010.
- Hot Topics & Planning Priorities for 2017
Matt Cox - Director, Insurance Internal Audit - Deloitte LLP
Matt will provide an overview of planning priorities for 2017. The internal audit landscape continues to evolve with new assurance demands from the development of business models and shifting regulatory priorities blending with familiar areas of focus. New planning priorities are also being driven by the changing expectations of the areas where internal audit should be providing an assurance opinion including culture, conduct, strategic development and corporate transactions.
This session will provide insights on the group’s work being undertaken on outsourcing and how to effectively audit it in a consistent manner