UDT is accredited as one of the top approved IPAF training UK. They provide a wide range of training, exams and related support for those involved in all forms of insurance. One of their products, IPAF, stands for “Page Of Life” – which they describe as “a 3-hour course that enables you to become totally equipped to take on the most demanding insurance exams in the world”. Their other products include IPAC, “an interactive assessment program that provides an invaluable tool for those wishing to enhance their life insurance knowledge”. All of these products are designed to train and support those wanting to become more knowledgeable and skilled in the many areas of insurance and risk management that are of vital importance in this and other industries.
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There are two kinds of training available from UDT UK. The first is “Passport to Success”, a training package that covers many of the more popular areas of coverage in a typical UDT course. This kind of training is intended for those wanting to work through the certification process with the commercial insurers to obtain a Standard Commercial Insurance Policy (SIC) or to achieve non-passage status with an SIC. The second kind of training is “Insider Training for Specialist Broker Insurers” which covers less commonly used specialist topics such as “insurance platform design & SIC qualification”. For the purposes of this article, we will focus on the latter since it is the one provided by UDT UK that is the recommended option by many of its commercial insurance clients and practitioners.
The IPAF training for specialist broker insurers in the UK is approved by the Insure and Benefit Board (IBA). In the United Kingdom, the most important insurance provider is the Financial Services Authority (FSA). All UK insurers are members of the FSA’s regulatory body, which holds the top ranking position. This means that they are adhered to very strictly by law and are expected to follow strict guidelines to ensure customer protection and fair practices among all of their clients. To be an FSA member, a company must meet the requirements of its members, which includes maintaining high standards of financial services, consistent and transparent pricing and offering quality specialist insurance to its customers.