Could you survive a visit from the FCA?
We work with senior managers in the general insurance sector to interoperate FCA regulation proportionately to fit your business model, enabling safe and profitable growth for your firm.
We specialise in delivering outsourced service to insurance intermediaries and in particular managing the FCA authorisation process for Appointed Representatives and providing risk & compliance requirements once authorised.
Our mission is to support the senior management of our client firms by providing them with the comfort of control.
Full Service Outsourced Risk & Compliance Supervision
Full Service Outsourced Risk & Compliance Supervision
Find Out MoreHorizon Scanning: AR "Migration" to FCA Authorisation
Moving from being an AR to direct authorisation.
Find Out MoreRegulatory & Legal Advice and Support
Regulatory & Legal Advice and Support
Find Out MoreSelected Service Outsourced Risk & Compliance Supervision
Selected Service Outsourced Risk & Compliance Supervision
Find Out MoreFCA Applications or Notification Delivery Management.
Examples, Change in control. Change of Permission. Principle 11 Notications.
Find Out MoreLloyd’s Broker Application Management
Lloyd’s Broker Application Management
Find Out MoreHorizon Scanning; Appointed Representative oversight.
The FCA has made clear that the AR sector is an area of key concern for the future, and the changes introduced in late 2022, marked the beginning of a sharpening up of the oversight of AR arrangements. Inevitably, a requirement for greater oversight of ARs will result in increased charges being levied by principals, while ARs may feel more heavily “regulated” than they did before the rules came into force. This may result in regulatory hosting arrangements being used more temporarily by firms entering the market, whereby the option of being directly regulated by the FCA may on balance become more attractive over time.
Why CORDComply?
The UK financial service landscape is increasingly hardening. A higher focus on risk management and the responsibility of senior management to demonstrate control of risk, particularly Conduct risk and deliver good outcomes for their customers is now front and centre with UK regulators.
Engaging with CORDComply gives you access to experienced market practitioners who specialise in running insurance mediation businesses and risk and compliance management. We provide a cost and time effective alternative to expensive internal resource, and have a with a team dedicated to supporting your business.
CORDComply will work with you and support your business plan, whatever the scope, scale or stage of maturity of your business.
We work with general insurance intermediaries e.g. Brokers (specialising in Lloyd’s) and MGA’s. You can choose to work with us from a fully outsourced risk & compliance support package or select support services from our extensive offering, from risk assessment to monitoring and reporting and everything you need between the two.
All our services are geared to the needs of your business so we ensure all your risk and compliance bases are covered with tried, tested and proportionate processes and controls, so you can get on with running the business with the comfort that you are meeting regulatory standards.
Review our sectors and services section to find out more or contact us by phone or email and we will make an appointment to discuss your firm specific requirements.
Click here for more information on our services.
Get In Touch
We support Lloyd’s Insurance Brokers, General Insurance Brokers, Appointed Representatives seeking FCA authorisation, Managing General Agents (MGA’s) and Networks, (Principal firms, hosting AR’s).
CORDComply can also support insurance companies selling products directly to the public, and firms that grant delegated authority to brokers.
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