Sales
HRD Training Prog No 10001364651 Date & Time 14 – 15 April 2025 Registration Deadline 9 April 2025 Learning Format Classroom
Objective
The “Effective Compliance Audit Process for Insurers” is a two-day intensive program aimed at equipping insurance professionals with the skills to conduct comprehensive compliance audits. Participants will gain insights into compliance philosophy, audit methodologies, and best practices for identifying and addressing compliance issues. Through a mix of theoretical principles and practical applications, this course ensures that attendees are prepared to manage and mitigate compliance risks effectively.
At the end of the course, participant will be able to:
- Describe the underlying philosophy and rationale behind compliance function
- Implement compliance audit methodology to access financial and operational compliance
- Assess potential compliance issues and their consequences
- Recommend remedial actions
Programme Structure
Day 1:
- Understanding compliance through the IAIS Insurance Core Principles and BNM Policy Document
• Principle Statements
• Standards
• Guidance - Insurance failures cases due to Non – Compliance
• Malaysian Insurance Failures
• General Insurance Failures
• Life Insurance Failures
• Mutual Insurance Failures
• Offshore Insurance Failures - Compliance Audit Fundamentals
• Planning a compliance audit programme
• Audit Conduct
• Audit reporting
• Audit findings responses
• Corrective Action & Audit follow up - Operational Compliance Audit
• Suitability of Persons
• Corporate Governance
• Risk Management and Internal Controls
• Preventive and Corrective Measure
Day 2
- Financial Compliance Audit
• Capital Adequacy
• Reinsurance
• Valuation
• Investment - Market Conduct Compliance Audit
• Intermediaries
• Conduct of Business
• Public Disclosure - Forensic Audit on Compliance
• Essential attributes and knowledge of forensic auditors
• Constructing a blueprint for insurance audit
• Forensic auditing tools for insurance operations - Fraud Detection through Compliance Audit
• Underwriting frauds
• Claims frauds
• Money laundering frauds
Dates
14/04/2025
Classroom
Fees
Aii Member Early Bird
Register before 20 March 2025
RM 1080 / USD 250
Non-Member Early Bird
Register before 20 March 2025
RM 1180 / USD 272
Aii Member Normal Fee
Single Seat: RM 1180 / USD 272
Group of 3: RM 1030 / USD 240
Non-Member Fee
Single Seat: RM 1280 / USD 300
Group of 3: RM 1080 / USD 250
*Fees inclusive of 8% SST (Malaysia Sales and Service Tax)