About The Course
The topics in this course explains the fundamentals in governance, risk management, the compliance and regulatory framework for insurance business, the financial crime and internal control management; as well as the importance of the Regulatory Compliance in the existence and growth of businesses.
Learning Outcomes
At the end of this program, participants will be able to:
- Describe governance, risk management, control and compliance (GRCC) and overarching frameworks for Insurance Businesses in Malaysia.
- Dxplain financial crimes and provide an overview of key rules, laws and regulations to manage financial crimes in insurance businesses.
- Describe ethics governing the business conduct of insurers, intermediaries and employees and compliance management.
Key Content:
Day 1 (Module 1)
- Overview of Insurance Business in Malaysia
- Conducting Insurance Business in Malaysia
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Licensing and regulating Insurance Businesses – FSA/IFSA 2013
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Principles, codes, and rules on GRCC for Malaysian Insurance Businesses
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Insurance & Shariah Frameworks on GRCC
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Compliance and Regulatory Frameworks for Insurance Businesses
Day 2 (Module 2)
- Financial crimes in Insurance Businesses and Internal Control Management
- Overview of AML/CFT Law
- Overview of Anti-Bribery and Corruption Laws and Regulations
Overview of Personal Data Protection Act
- Overview of Foreign Account Tax Compliance Act (FATCA)
Day 2 (Module 3)
- Ethics governing conduct of insurers and intermediaries
- Conduct of Employees – Ethics, Assessment and Training
Target Audience
- New entrants in the industry
- New entrants to the Insurance Service Provider – Brokers, Adjusters and Third-Party Administrators
- Non-insurance personnel
- Any persons requiring basic knowledge of insurance regulatory framework and compliance
Speaker Profile
WONG ENG YEW [JOSEPH)
LLB, MBA
Mr Wong Eng Yew graduated from Universiti Malaysa (UM) with a Bachelor of Business Administration and has more than 30 years of experience in insurance. His experiences include Risk Management, Liability and Compliance.
Mr Wong is also an examiner and part-time lecturer at The Malaysian Insurance Institute (MII) for Certificate and Associate subjects since 2008. He lectures on subjects related to Insurance Law, Risk Management, Liability, Claims Practice and Claims Management.
Date and Time
Date: 8-9 June 2021
Time: 9.00 a.m. - 4.00 p.m.
Price
Early Bird (register before 28 May 2021):
MII Member : RM 680 (Single), RM 630 (Group)
Non Member : RM 850 (Single), RM 800 (Group)
International: USD 200 (Single), USD 180 (Group)
Normal Fee:
MII Member : RM 750 (Single), RM 700 (Group)
Non Member : RM 900 (Single), RM 850 (Group)
International: USD 230 (Single), USD 200 (Group)
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