Crystal Assist is an online tutorial for Lloyd's Market participants.
Lloyd's has developed Crystal Assist in conjunction with the Lloyd's Market to provide an induction to Lloyd's licences and regulatory and fiscal requirements that need to be considered when writing international insurance business.
Crystal Assist is delivered via an online tutorial followed by a short knowledge test that in total takes approximately 15 minutes to complete.
It is important that Lloyd's market participants consider Lloyd's licences and regulatory and fiscal requirements when trading worldwide. Breaching international regulations and fiscal requirements can potentially result in fines or other consequences for those involved in the placement and ultimately impact the Lloyd's brand and reputation.