Take our CPD approved tutorial: Crystal Assist
Crystal Assist provides an introduction to Lloyd's licences and those 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. Crystal Assist meets CII member CPD requirements and, upon successful completion of the knowledge test, offers a PDF certificate of completion.
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.
This tutorial will help Lloyd’s market participants understand regulation and taxation. Lloyd’s market participants may also find this tutorial useful to enable third party service providers, such as auditors, to familiarise themselves with international regulatory and taxation requirements.
In order to access Crystal Assist, you will need a lloyds.com account and access to Crystal and the Risk Locator Tool. Access to Crystal and the Risk Locator Tool is granted for Lloyd’s market participants only. If you are a third party service provider looking to access to these tools, you currently must be providing services to a Lloyd’s managing agent. In these cases, the compliance officer of the managing agent must email LITA@lloyds.com with written approval for access by a third party service provider.
Should you require any further information that is not covered within Crystal Assist or Crystal, please contact Lloyd's International Trading Advice team who will be able to assist you.