Services Provided by IODEM Solutions Ltd

FSA support for Insurance Intermediaries

  • Assistance in managing your firm's relationship with the FSA
  • On-going assistance with FSA compliance, including provision of outsourced compliance function, review and audit packages - including provision of compliance manuals, internal audit, money laundering, training and competencies
  • For new insurance intermediaries, advice and assistance on completing your FSA application with structured packages to suit the needs of each individual business

Broker Compliance support

  • Additional external advice, assistance and support in order to supplement your businesses day to day compliance responsibilities and ad hoc projects

Broker Compliance MOT

  • Review of procedures
  • On-site reviews - targeting key risk areas, identifying potential issues and recommending solutions
  • Review of money laundering procedures

Run-Off Market

  • Pre ARROW audits in preparation for FSA visits
  • Work with run-off companies implementing FSA recommendations following ARROW visits
  • Risk management reviews

Regulatory and disciplinary processes

  • Internal investigation and support for businesses in relation to external regulatory inquiries and advice on enforcement action
  • Representation and liaison involving regulatory proceedings

Lloyd's Insurance Market

  • Support and advice in establishing and expanding business ventures within the Lloyd's Market, including new syndicates and service companies
  • Tailored audit programmes

Management and support of delegated underwriting

  • Applications to Lloyd's for approval of coverholder for delegated underwriting
  • On-site reviews (UK and overseas)
  • Establishment and monitoring of management systems
  • Run-off reviews

Other regulatory bodies (including Associations)

  • Outsourced compliance management - including membership issues, drafting Codes of Practice, internal disciplinary scheme
  • Management of examination process
  • Liaison with ultimate regulator over regulatory matters


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  © [2004 - 2012] - IODEM SOLUTIONS LTD







Iodem Solutions
The Regulatory & Compliance Consultancy Specialists

We provides a wide range of compliance, advisory and regulatory consulting services which address issues arising from the changing environment and regulatory regime. Iodem Solutions is a regulatory and compliance risk management consultancy that focuses primarily on the insurance industry but which also has other regulatory expertise.

Iodem's directors have worked within regulation for 30 years. A compliant company is not necessarily a profitable one and good compliance practice does not guarantee success. However, what we do guarantee is that poor compliance practice will destabilise your business, undermine your client base and ultimately only benefits your competitors. Keeping pace with the changes and implementing the new regulatory requirements is one of the key challenges to any business. The challenge can swallow internal resources and direct attention away from the core functions of a business. We believe that a good compliance environment is an integral part of good business practice and a key factor in maximising your profitability.

Primary broker market & FSA regulation
We provide a wide range of compliance and regulatory consulting services for brokers, including FSA Healthchecks, Appointed Representative reviews, mitigation policies for conflicts of interest and reviews of systems and controls over broker branch offices.
Secondary broker market & FSA regulation
We provide a comprehensive service to all sectors of the secondary insurance market including hearing aid dispensers, the motor trade, air conditioning suppliers, double glazers, caravan dealers, estate agents, surveyors and architects, etc.
Lloyd's and the London Market
Lloyd's managing agents, syndicates, run-off companies, insurance companies.
Coverholder and delegated underwriting services
A comprehensive service to manage your delegated underwriting arrangements including on-site visits.