Life Insurance Professional Development Programme

Product Description

A specifically designed elearning programme tailored to meet EU and UK regulations.

The Insurance Distribution Directive (IDD), and its replacement regulation in the UK, presents many new challenges for life companies. This includes the requirement to provide all customer-facing employees with a minimum of 15 hours of CPD training each year, covering a specified programme of content.

The Life Insurance Professional Development Programme (LIPDP) aims to deal with the regulatory requirements of IDD as well as providing an informative easy-to-use elearning programme to develop the knowledge and effectiveness of employees at all levels.

Our elearning programme has been designed by some of the most knowledgeable minds in the industry, to provide insurance professionals with an overview of all the component elements that make up the life insurance sector. The Life Insurance Professional Development Programme aims to inspire your employees by building their knowledge. Combining a sequential learning experience, covering the basic principles of life insurance with some of the more technical aspects of the business, in the same intuitive learning style.

15 Course Modules (1 hour each)

Introduction to the Life Insurance Professional Development Programme

i. Basic Principles of Life Insurance
01 Insurance Uncovered
02 Legal Principles of Life Insurance
03 The Lifecycle of a Policy

ii. Products and Investment Links
04 Protection and Savings Products
05 Investment Products
06 State, Workplace and Private Pensions
07 Investment Fund Options

iii. Distribution and Financial Advice
08 Distribution Options and Regulations
09 Financial and Investment Advice
10 Succession Planning

iv. Legislation and Regulation
11 EU Regulation and Consumer Protection
12 Solvency II and Risk Management
13 The Insurance Distribution Directive
14 Life Company Regulation & Asset Safeguarding

v. Business Ethics
15 Ethical Business

The aim of the elearning programme is to demystify the life insurance sector by delivering content in an accessible format that gradually reveals the ʻmysteries’ of the industry in a way that engages with its audience and lets them move through each module at a pace they can control. This programme takes the view that aspects of the life insurance industry may be complex, but it should be possible for everybody who works within the sector to be able to gain a firm grasp of how it all works. Easy to navigate and highly visual, each module can be started, paused and completed as and when participants want.

Attached to each module are helpful transcription notes and keyword references to provide a ʻroute map’ through the programme and to assist in the day-to-day role of participants. Finally, there’s a 15 question knowledge check at the end of each module which selects random questions from a bank to provide a formal test of subject understanding. When participants reach the 80% pass mark they will receive a certificate
and CPD accreditation of one hour per module.