Regulation Analysis
FCA’s pricing review – will it ‘level the playing field’ for insurance sector?
Firms’ differing interpretations and pace of change ahead of the FCA’s pricing reform deadlines could pose problems as the industry seeks to eliminate price walking
Ian Hughes: ‘Brutal’ changes set to hit insurance sector as FCA uses its ‘teeth’
The FCA’s pricing reform will initiate ‘a fundamental shift of culture’ – it’s imperative that brokers and insurers ‘lean in’, says chief executive
Travel insurance sector faces capacity concerns post-pandemic
As the travel industry gears up to reopen post-lockdown, a spike in claims could impact insurance capacity
Briefing: Personal lines brokers face biggest challenge in FCA product crackdown
FCA product overhaul will lead to new working practices for large personal lines brokers
Government must take ‘leap of faith’ to mend ‘gaping hole’ in cover for live events
Industry figures beg the government to seriously consider state-backed insurance scheme as the commercial insurance market for events cancellation is ‘unlikely’ to mobilise until 2022
Aston Lark boss Peter Blanc on mission to ‘build best broker’ amid acquisition spree
With ten acquisitions completed this year and counting, Aston Lark boss Peter Blanc tells Insurance Times the motives behind the broker’s spending spree and how he envisions the business developing
Industry demands change to build sustainable construction PI market
Trade association believes historic liabilities following 2017’s Grenfell Tower tragedy will lead to current claims exposure for insurers providing professional indemnity within the construction sector
Briefing: We are all now worried about the FCA
Brokers are losing faith in the FCA amid rising fees and levies against a backdrop of carrier failures
Industry must take ownership of SMCR rules to embed successful culture change
Now that the March deadline for insurance intermediaries to implement SMCR has passed, senior leaders must set the ‘tone from the top’ and look to employee behaviour
Sabre has ‘been able to hold our nerve’ during pandemic lockdowns
The insurer’s chief executive says that putting prices up year-on-year was the ‘right stuff’, enabling the firm to now ‘stand still’ as its competitors scramble to implement price increases to mitigate Covid discounts
Inigo – the London market startup with ‘people and data’ at its core
In Focus: New whiplash portal on the horizon – but are firms ready?
D&O demand set to soar as UK audit regime puts directors in the spotlight
In Focus: What unintended consequences could follow the implementation of the Official Injury Claim portal in May?
Industry reacts to ‘far-reaching’ implications of FCA’s price walking remedies
Briefing: Fraud red flag will remain for personal injury claims despite OIC portal launch
Magenta Insurance urges government to have ‘official rethink’ around EOW and flooding synergies
Briefing: FCA could be setting sector up to fail with four-month pricing implementation period
The Building Safety Bill – what insurers and brokers need to know
Brexit unlocks opportunities for solvency II reform
‘Unintended consequences’ of whiplash reforms inevitable says MoJ
Insurers must revisit unclear policy wordings to ‘rebuild bridges with customers’
Briefing: Will CMCs morph to adopt motor focus post-whiplash reforms?
‘Broken’ insurance industry must find fire insurance solution following Grenfell
Opinion: Test case opens industry’s eyes to depth of expectation gap
Regulation News
FCA’s pricing reforms are ‘right step’ – Covéa’s James Reader
The chief executive believes that pricing changes are not something that could be achieved with ‘small tweaks’
Lack of insurance solution causes yet another music festival to cancel
The absence of a state-backed insurance scheme has left organisers in a ‘tricky position’
SRA seeks feedback on cyber losses insurance clause
The regulator’s chief executive believes law firms are ’an attractive target’ for cyber crime
Zurich accused of failing ‘proper safety checks’ on Wales’ tallest building
The 29-storey tower block has allegedly been experiencing a range of damp and fire safety problems