{"id":18425,"date":"2019-06-07T00:00:00","date_gmt":"2019-06-07T00:00:00","guid":{"rendered":"https:\/\/www.altus.co.uk\/how-should-insurance-firms-be-preparing-for-smcr\/"},"modified":"2023-12-11T16:48:23","modified_gmt":"2023-12-11T16:48:23","slug":"how-should-insurance-firms-be-preparing-for-smcr","status":"publish","type":"post","link":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/","title":{"rendered":"How should insurance firms be preparing for SMCR"},"content":{"rendered":"\n

With the aim of encouraging greater accountability and transparency in the industry, the Senior Managers and Certification Regime (SMCR) will significantly change how all financial services employees are regulated.<\/h2>\n\n\n\n

With six months to go until it is introduced, this article details the steps that insurance firms should be taking in order to be ready for the new regime in December.<\/p>\n\n\n\n

The full article was published in\u00a0Actuarial Post<\/a>\u00a0on 5th June 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the aim of encouraging greater accountability and transparency in the industry, the Senior Managers and Certification Regime (SMCR) will significantly change how all financial services employees are regulated. With six months to go until it is introduced, this article details the steps that insurance firms should be taking in order to be ready for […]<\/p>\n","protected":false},"author":76,"featured_media":20928,"parent":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"insight-topic":[96],"yoast_head":"\nHow should insurance firms be preparing for SMCR - Altus Consulting<\/title>\n<meta name=\"description\" content=\"With the aim of encouraging greater accountability and transparency in the industry, the Senior Managers and Certification Regime (SMCR) will\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How should insurance firms be preparing for SMCR - Altus Consulting\" \/>\n<meta property=\"og:description\" content=\"With the aim of encouraging greater accountability and transparency in the industry, the Senior Managers and Certification Regime (SMCR) will\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/\" \/>\n<meta property=\"og:site_name\" content=\"Altus Consulting\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-07T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-11T16:48:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Stephen Whitfield\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stephen Whitfield\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/\"},\"author\":{\"name\":\"Stephen Whitfield\",\"@id\":\"https:\/\/www.altus.co.uk\/#\/schema\/person\/6167d8f71c2c3b1b49cc3f9d4f7dacb5\"},\"headline\":\"How should insurance firms be preparing for SMCR\",\"datePublished\":\"2019-06-07T00:00:00+00:00\",\"dateModified\":\"2023-12-11T16:48:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/\"},\"wordCount\":79,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.altus.co.uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg\",\"articleSection\":[\"Article\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/\",\"url\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/\",\"name\":\"How should insurance firms be preparing for SMCR - Altus Consulting\",\"isPartOf\":{\"@id\":\"https:\/\/www.altus.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg\",\"datePublished\":\"2019-06-07T00:00:00+00:00\",\"dateModified\":\"2023-12-11T16:48:23+00:00\",\"description\":\"With the aim of encouraging greater accountability and transparency in the industry, the Senior Managers and Certification Regime (SMCR) will\",\"breadcrumb\":{\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#primaryimage\",\"url\":\"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg\",\"contentUrl\":\"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg\",\"width\":1920,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.altus.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How should insurance firms be preparing for SMCR\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.altus.co.uk\/#website\",\"url\":\"https:\/\/www.altus.co.uk\/\",\"name\":\"Altus Consulting\",\"description\":\"People | Passion | Partnership\",\"publisher\":{\"@id\":\"https:\/\/www.altus.co.uk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.altus.co.uk\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.altus.co.uk\/#organization\",\"name\":\"Altus Consulting\",\"url\":\"https:\/\/www.altus.co.uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.altus.co.uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2023\/05\/logo_altus-dark.svg\",\"contentUrl\":\"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2023\/05\/logo_altus-dark.svg\",\"width\":160,\"height\":107,\"caption\":\"Altus Consulting\"},\"image\":{\"@id\":\"https:\/\/www.altus.co.uk\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.altus.co.uk\/#\/schema\/person\/6167d8f71c2c3b1b49cc3f9d4f7dacb5\",\"name\":\"Stephen Whitfield\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.altus.co.uk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/caf4671ae894f7128f8a3c6917aba912?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/caf4671ae894f7128f8a3c6917aba912?s=96&d=mm&r=g\",\"caption\":\"Stephen Whitfield\"},\"description\":\"Steve has over 30 years\u2019 experience in Financial Services predominantly spent shaping and delivering transformational change programmes and designing solutions to operational challenges. Steve combines a strong understanding of business and systems with excellent communication skills and a hands on approach. Prior to joining Altus Steve was a member of the leadership team for a large scale UK retail banks General Insurance business with a wide range of responsibilities including leading the business transformation agenda and the Operational Support functions.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/stwhitfield\/?originalSubdomain=uk\"],\"url\":\"https:\/\/www.altus.co.uk\/team\/stephen-whitfield\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How should insurance firms be preparing for SMCR - Altus Consulting","description":"With the aim of encouraging greater accountability and transparency in the industry, the Senior Managers and Certification Regime (SMCR) will","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/","og_locale":"en_GB","og_type":"article","og_title":"How should insurance firms be preparing for SMCR - Altus Consulting","og_description":"With the aim of encouraging greater accountability and transparency in the industry, the Senior Managers and Certification Regime (SMCR) will","og_url":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/","og_site_name":"Altus Consulting","article_published_time":"2019-06-07T00:00:00+00:00","article_modified_time":"2023-12-11T16:48:23+00:00","og_image":[{"width":1920,"height":400,"url":"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg","type":"image\/jpeg"}],"author":"Stephen Whitfield","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Stephen Whitfield","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#article","isPartOf":{"@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/"},"author":{"name":"Stephen Whitfield","@id":"https:\/\/www.altus.co.uk\/#\/schema\/person\/6167d8f71c2c3b1b49cc3f9d4f7dacb5"},"headline":"How should insurance firms be preparing for SMCR","datePublished":"2019-06-07T00:00:00+00:00","dateModified":"2023-12-11T16:48:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/"},"wordCount":79,"commentCount":0,"publisher":{"@id":"https:\/\/www.altus.co.uk\/#organization"},"image":{"@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#primaryimage"},"thumbnailUrl":"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg","articleSection":["Article"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/","url":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/","name":"How should insurance firms be preparing for SMCR - Altus Consulting","isPartOf":{"@id":"https:\/\/www.altus.co.uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#primaryimage"},"image":{"@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#primaryimage"},"thumbnailUrl":"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg","datePublished":"2019-06-07T00:00:00+00:00","dateModified":"2023-12-11T16:48:23+00:00","description":"With the aim of encouraging greater accountability and transparency in the industry, the Senior Managers and Certification Regime (SMCR) will","breadcrumb":{"@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#primaryimage","url":"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg","contentUrl":"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2019\/06\/image.jpeg","width":1920,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.altus.co.uk\/insights\/how-should-insurance-firms-be-preparing-for-smcr\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.altus.co.uk\/"},{"@type":"ListItem","position":2,"name":"How should insurance firms be preparing for SMCR"}]},{"@type":"WebSite","@id":"https:\/\/www.altus.co.uk\/#website","url":"https:\/\/www.altus.co.uk\/","name":"Altus Consulting","description":"People | Passion | Partnership","publisher":{"@id":"https:\/\/www.altus.co.uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.altus.co.uk\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.altus.co.uk\/#organization","name":"Altus Consulting","url":"https:\/\/www.altus.co.uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.altus.co.uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2023\/05\/logo_altus-dark.svg","contentUrl":"https:\/\/www.altus.co.uk\/wp-content\/uploads\/2023\/05\/logo_altus-dark.svg","width":160,"height":107,"caption":"Altus Consulting"},"image":{"@id":"https:\/\/www.altus.co.uk\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.altus.co.uk\/#\/schema\/person\/6167d8f71c2c3b1b49cc3f9d4f7dacb5","name":"Stephen Whitfield","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.altus.co.uk\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/caf4671ae894f7128f8a3c6917aba912?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/caf4671ae894f7128f8a3c6917aba912?s=96&d=mm&r=g","caption":"Stephen Whitfield"},"description":"Steve has over 30 years\u2019 experience in Financial Services predominantly spent shaping and delivering transformational change programmes and designing solutions to operational challenges. Steve combines a strong understanding of business and systems with excellent communication skills and a hands on approach. Prior to joining Altus Steve was a member of the leadership team for a large scale UK retail banks General Insurance business with a wide range of responsibilities including leading the business transformation agenda and the Operational Support functions.","sameAs":["https:\/\/www.linkedin.com\/in\/stwhitfield\/?originalSubdomain=uk"],"url":"https:\/\/www.altus.co.uk\/team\/stephen-whitfield\/"}]}},"_links":{"self":[{"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/posts\/18425"}],"collection":[{"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/comments?post=18425"}],"version-history":[{"count":2,"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/posts\/18425\/revisions"}],"predecessor-version":[{"id":20929,"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/posts\/18425\/revisions\/20929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/media\/20928"}],"wp:attachment":[{"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/media?parent=18425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/categories?post=18425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/tags?post=18425"},{"taxonomy":"insight-topic","embeddable":true,"href":"https:\/\/www.altus.co.uk\/wp-json\/wp\/v2\/insight-topic?post=18425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}