What does CPD stand for in the context of insurance broking?

In the context of insurance broking, CPD stands for Continuing Professional Development. This is a crucial aspect of professional growth within the insurance industry, where practitioners engage in ongoing training and education to enhance their knowledge, skills, and competencies.

Continuing Professional Development is designed to ensure that professionals stay updated with the latest industry standards, regulations, and practices. This commitment to continual learning not only helps individuals advance in their careers but also promotes higher standards of conduct and service within the industry.

The focus on CPD reflects the importance placed on maintaining proficiency and adapting to changes in the market, which can be particularly dynamic in the field of insurance. It fosters a culture of learning and improvement, ensuring that brokers can provide informed and effective services to their clients.