It's not about the name, it's about the approach, says industry body

Biba has expressed relief at the new government’s reprieve for the FSA.

According to the coalition agreement, the Bank of England will take over responsibility for macro-prudential regulation and oversight of other regulatory matters. The agreement effectively kills a Conservative plan to scrap the FSA, which had been criticised by the Liberal Democrats.

Head of compliance and training at Biba, Steve White, said: “The fundamental question is not what it [the FSA] is called, it’s the style of supervision.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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