For the 13th day of advent, David Sparkes, regulation director at Biba, reflects on the significance of the FCA’s simplification plans, the everyday impact of serving clients and his hopes for reducing frictional costs across the industry
French industry leader believes the UK’s ‘regulatory focus’ for general insurance oversight is set to ‘become the new norm in Continental Europe’
’We’re simplifying and removing rules for insurers and brokers, reducing regulatory costs and helping them focus on delivering better outcomes,’ says director
‘We’re moving away from insuring the behaviours of a driver to insuring the behaviours of an algorithm,’ says director of motor underwriting
In a Browne Jacobson-led discussion at Insurance Times’ Broker CEO Forum, participants surfaced their biggest concerns for 2026, including rates, talent and regulation
‘The establishment of the Emerging Litigation Forum reflects the growing need for the market to engage with a wider set of litigation risks,’ says head of regulatory affairs
James Dowling, founding partner at Negotient, unpicks chancellor of the exchequer Rachel Reeves’ Autumn Budget speech – for him, the Labour politician is not quite in the clear yet
’Failing to freeze or reduce IPT will have significant knock-on effects for British businesses and consumers, many of whom are already struggling with the cost of living,’ says chief executive
The FCA is collaborating more with brokers and has ‘started that journey’ to streamline rules in order to facilitate economic growth, says regulation director
’Landlords who can demonstrate robust compliance may be rewarded with more favourable insurance terms, while those who cannot may struggle to find insurance at all,’ says partner
’If the tone from the top prioritises cost over care, even the most detailed frameworks will fail,’ says Scott
’Compliance is a crucial function for our business and it’s great to join a team that is highly experienced in navigating the UK insurance landscape,’ says appointee
’The right technology and tools can empower the workforce to punch above its weight and further grow our share of the global market,’ says London market director
’We continue to work closely with government, industry and other regulators to play our part in enabling growth,’ says regulator
‘In the age of Consumer Duty and an increasingly interventionist regulator, insurers must ensure their products deliver genuine value for money,’ says co-founder
‘We are undertaking an ambitious series of improvements to foster confidence in financial services now and in the future,’ says chief ombudsman
‘The JLR cyber incident showed how one shock ripples through the economy,’ said FCA chief executive
Sponsored content: Rachael Wornes, marketing manager at Arag, runs through some of the developments that are changing the legal landscape for businesses during 2025 and into 2026
‘Customers of the firm should consider securing alternative motor insurance as soon as possible,’ warns the FCA
’Every insurer will have a slightly different philosophy and may have responded to the regulations and their best practices in slightly different ways,’ says chief technology officer