Why do more and more insurance brokers want to obtain financial investment advisor (FIA) status?
More and more insurance brokers are also applying for CIF status. This allows them to expand their range of products and services and offer their clients tailored solutions. The regulatory aspect also plays an important role in this evolution. The regulations that now apply to insurance brokers (for example, the mandatory membership of brokers in a professional association such as Anacofi, as already existed for financial investment advisors), mechanically reduce the gap that existed between the two statutes. This regulation serves to protect the consumer/investor and is also one of the reasons for our association.
Hence this desire to improve skills…
It is clear that in 2024 the financial markets will show dynamism. At the same time, we will have to continue answering numerous questions. Doubts persist about the level of key rates. With inflation and restrictive monetary policies implemented by central banks, investors were reminded that money had value, something they had tended to forget when rates were very low. Hence a real transformation in the understanding of risk. The latter, the diversity of products currently existing on the market (to which insurance brokers do not have access, closing the doors to many markets) and the search for performance, are factors that explain the increase in skills thanks to the CIF status. .
Are all insurance brokers eligible for CIF status?
There is nothing automatic about this. To obtain CIF status, insurance brokers must obtain AMF certification. They must also complete a 150-hour training module to become a financial investment advisor.
Is Anacofi active in this area?
Today Anacofi is the largest professional association of brokerage and consulting companies in banking, finance and insurance. It is divided between Anacofi-CIF, Anacofi-Immo and Anacofi-Courtage. We offer brokers who join our association a training course that will allow them to overcome this stage and lead them to CIF status.
This content was produced with SCRIBEO. The BFMBUSINESS editorial staff was not involved in the production of this content.
Source: BFM TV
