The compliance specialist worked closely with Branko Ltd, the authors of the British Insurance Brokers Association (BIBA) Compliance Manual and SATCom, the already existing paper based general insurance version. For a limited period only, mysatcom.net will be available to all BIBA members at a discounted price of £450 + VAT (normally £695 + VAT). This is an exclusive price for BIBA members which has been negotiated by BIBA on behalf of its members.
Mysatcom.net provides access for insurance and mortgage brokers to a unique on-line questionnaire. This asks brokers all the relevant questions about how their business is shaping up against FSA requirements. Once completed brokers will receive a gap analysis highlighting any areas of weakness. Much more importantly though, they will also get an action plan (or route map) which will guide them to making the right improvements.
Taking this positive step will demonstrate that brokers take their regulatory responsibilities seriously and when asked to submit a copy of their most recent compliance consultant’s report (should they be called for a TCF assessment) they will have a professional and tailored gap analysis to put in front of the FSA.
BIBA is contacting its membership with details of this offer and providing them with a unique promotional code in order for them to take advantage by logging onto www.mysatcom.net.
This offer is only valid for the period 9th September 2008 to 30th November 2008 inclusive.