COBRA Network membership provides expert help and support for all your compliance needs. Our compliance consultants guide members through the intricacies and demands of FSA regulation, interpreting and implementing processes, structures and documentation. To learn how COBRA Network can help you with compliance, email Ray Stibbards or 020 7204 0014.
Mark Peasey is Compliance Director of COBRA Network and Paul Bryant is HR & Training Director for COBRA Insurance Brokers. They have hands on involvement in the broking business and can talk to you and advise you on practicalities – not just theory! Ploughing through the legislation and guidelines, interpreting the requirements, and, most importantly applying those requirements in a compliant but practical way will provide you with an invaluable resource to take the pain out of the whole process. Paul and Mark are backed by a team of highly qualified and experienced people.
The FSA demands a coordinated approach to many day-to-day insurance processes and it is vital that these are documented and that workflows and procedures are distributed, understood, and actioned by all employees. Furthermore brokers are expected to monitor and audit these processes to ensure consistency. COBRA provides members with templates and workflows that can be adapted to their own business and style, ensuring that these demands are met.
The COBRA Network has tried and tested template documents available on a range of compliance issues; these can be copied and amended to suit your business in the knowledge that they comply with FSA regulations. Broking presentations, reports to clients, standard letters and spreadsheets are among these and will give you an excellent opportunity to review all your insurance-related paperwork.
Training & Competency
Training needs to be planned, coordinated, and documented. Employees that advise clients will need to demonstrate that they are competent enough to give that advice. Special focus will be given to the provision of thorough induction processes for new staff. COBRA Network can help on all training aspects with a specially designed programme of technical tests to help you evaluate the competency of your individuals.
Management Structures and Job Descriptions
Companies are required to take reasonable care to organise and control their affairs and clearly apportion responsibilities. Here, COBRA Network provides templates for Job Descriptions and Organisation Charts to ensure that your structure is clearly defined and well documented.
There are a whole host of other issues that businesses face with the onset of FSA regulation and becoming a COBRA Network member provide invaluable assistance in steering through all the complexities of compliance.