Providing insurance responsibly
Emerging customers often struggle to understand how insurance products work and how they can benefit from it. In some cases, this is compounded by misselling. To serve the market well, insurance providers need to develop a more responsible approach to insurance provision. This training will explore standards, guidelines and strategies for providing insurance responsibly so that clients derive optimum value while providers enhance the long-term viability of their operations.
Training objectives
- Distil seven core principles of responsible insurance provision
- Articulate the business case for providing insurance responsibly
- Discuss standards and guidelines for building a value chain that can deliver insurance responsibly
- Analyse examples of responsible insurance design and delivery
- Apply industry standards and guidelines to make an insurance offering more responsible