What is the primary purpose of continuing professional development (CPD)?

The primary purpose of continuing professional development (CPD) is to ensure that professionals maintain and enhance their knowledge and skills. CPD is an ongoing process that helps professionals keep up with changes in their industry, including new regulations, emerging technologies, and evolving best practices. This commitment to lifelong learning is essential in fields like insurance, where staying informed and skilled is crucial to delivering high-quality service and effectively addressing client needs.

While improving company profits, promoting networking, and complying with regulatory requirements can be valuable outcomes of CPD initiatives, they are not the core purpose. CPD focuses on the individual's growth and capability, which in turn can positively affect company performance, facilitate networking opportunities, and help meet regulatory standards, but these are secondary results of the primary goal of knowledge and skill enhancement.