The Insurance Act 2018 & You And The Essentials of Corporate Governance 1

The Insurance Act 2018 & You   

This workshop is designed to educate participants about their requirements under the IA 2018 and Regulations. They will gain a comprehensive understanding of their obligations and the consequences of non-compliance with the Insurance Act and Regulations.

 

The Essentials of Corporate Governance for Insurance Professionals 1

This workshop is designed to educate participants on corporate governance as a system of rules, practices, and processes by which an insurance company is governed. It includes corporate structure (board of directors, senior management, business area functions, etc.), the company’s organizational culture (values, ethics, etc.), strategies, controls, as well as all the governing documents that capture the spirit and the letter of a company’s guiding principles and mandates.

The Insurance Act 2018 & You      At the end of the session, participants will be able to:

• Understand their obligations as intermediaries under the Insurance Act 2018 and Regulations 2020.
• Understand the consequences of non-compliance with the Insurance Act 2018 and Regulations.

  The Essentials of Corporate Governance for Insurance Professionals 1     At the end of the session, participants will:

• Be exposed to the organisational structure and role of corporate governance.
• Understand governance issues as stipulated by the IA 2018 (as amended) and CBTT guidelines.
• Understand control functions such as risk management, compliance, audits, reporting to the Board and whistleblowing.

The Insurance Act 2018 & You    Sarita Parsad is an Attorney who has been working in the insurance industry for the past fourteen years. She possesses experience handling insurance regulatory matters and all issues pertaining to insurance property and casualty claims. She currently holds the position of Head, Legal & Compliance at Trinidad & Tobago Insurance Limited (TATIL), where she is responsible for all compliance related issues across T&T and Barbados. Ms. Parsad possesses a Bachelor of Laws Degree (LLB) with honours and a Masters in Law Degree (LLM, Corporate and Commercial Law) from the University of the West Indies, a Master’s Degree in Business Administration (MBA) from Henley School of Business, UK, and an Advanced Diploma (ACII) from the Chartered Insurance Institute in the UK where she is a Member of the Society of Claims Professionals. She is currently enrolled in the Fellowship Program at the Chartered Insurance Institute and actively pursuing an MSc in Insurance and Sustainable Risk Management at Glasgow Caledonian University, UK.   The Essentials of Corporate Governance for Insurance Professionals 1

Mr. Ulric Miller is a certified Anti-Money Laundering Specialist, Fellow of the Life Management Institute, Associate Insurance Regulatory Compliance. In this capacity, he has overseen many AML.CFT Training programmes for the staff at TATIL Life. He has over forty-five (45) years’ experience in the insurance industry where he started in the IT department and climbed the corporate ladder to Chief Risk Officer of one of the leading insurance companies in Trinidad & Tobago.

He has served as an adept change manager with special experience in leveraging IT, possesses a highly successful track record in Customer Relationship Management, Strategic Management and Scenario Planning. No stranger to the TTII, Mr. Miller has sat as President on the TTII Council of Trustees, President of the local LOMA Society of FLMI’s and 1^st VP of the Association of Insurance Institute of the Caribbean.