All FCA articles – Page 8
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News
Backchat September 2021
Celeb spotting, pets swallowing foreign objects and the insurtech sector joining forces for a cycling race - what has the insurance industry been up to of late? You heard it here first…
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News
Film production delay terms ‘more specialised’ than standard BI cover
Aggregation is becoming ’one of the key disputed issues’ over claims for film production delay
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Features
Briefing: Admin fees are a massive issue the FCA must address
Administration fees will be in the firing line as FCA deadline on pricing reform looms
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Features
Briefing: FCA must ‘up the ante’ on GI pricing reform to combat ‘very slow’ industry engagement
The regulator attempts to gee up insurance businesses ahead of its first GI pricing reform deadline with scathing multi-firm review – but will publishing ‘shortcomings’ galvanise industry action?
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Features
Insurance sector still to demonstrate ‘meaningful change’ around diversity and inclusion
The Dive In 2021 festival will reveal a ‘big pool of talent that people don’t realise they are not tapping’
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News
FCA concerned that insurance firms unprepared for incoming product governance rules
The regulator’s executive director for supervision says ‘it’s worrying that some firms may not be ready’ for 1 October deadline
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News
FCA’s pricing reform ‘timeline is very aggressive’ – Axa
The insurer is ‘going helter skelter’ to meet the year-end deadline for pricing changes in the motor and home insurance markets says UK retail boss
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News
FCA updates GI pricing rules following stakeholder feedback
Changes include reporting requirements around commission-rebating and the definition of renewal business
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News
Aviva is ‘very confident’ ahead of FCA pricing reform implementation
The insurer is ‘committed to being ready’ for the upcoming regulatory deadlines, despite the amount of work that needs to be done by the end of the year, says UKGI boss
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Features
Briefing: Commercial brokers ‘severely’ affected by FCA pricing reform, yet they are ‘not engaging’
Commercial lines brokers cannot afford to have their heads in the sand thinking the incoming FCA general insurance pricing reform will only impact personal lines brokers
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News
FCA to allow rolling applications for regulatory sandbox
Insurtech UK says the rolling sandbox has always been a ’historic policy objective’ for the trade body
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News Analysis
Spoof ads rife for insurers and brokers despite Google crack down
The FCA seeks to resolve ’the root cause’ of fraudulent adverts. But the government’s Online Safety Bill needs to be broadened if it is to play an important role here
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Features
Briefing: Will anyone admit to price walking?
Transparency around remedying price walking practices could provide a reputational boost, but will any businesses ‘fess up and make their strategy changes public?
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News
Loyal customers to benefit from FCA’s price walking ban
Uncertainty in the market around what will happen following the FCA’s price walking ban remains, but car insurance premiums are now the cheapest they have been since 2016
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News
FCA launches diversity disclosure consultation for listed companies
The regulator believes ’there is a current lack of standardised and mandatory transparency about diversity’
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News Analysis
FCA’s latest business plan presents ‘quite a warning for the industry’
New chief exec Nikhil Rathi has this month published his first business plan for the regulator – Insurance Times finds out what it really means for the industry
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News
‘More mea culpas for insurers’ expected after FCA fines Lloyd’s Bank General Insurance £90m
Insurance software firm believes ’insurers have been lazy in their efforts to build loyalty and improve retention rates’ and that an ’altogether new approach to customer loyalty is needed
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News
FCA commits to being ‘tough, assertive’ and a ‘proactive regulator’ in its latest business plan
Chief executive vows the regulator will be ‘fit for purpose’, highlighting priorities such as consumer duty proposals and tackling fraud, as well as supporting net zero targets and D&I
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Features
Briefing: What five SME products could come under the FCA’s fair value microscope?
The first deadline surrounding the FCA’s general insurance pricing reform is approaching fast - insurers and brokers must consider the implications on SME products if they haven’t done so already
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News
Insurers have paid more than £875m in interim and final BI payments this year
The FCA calculates that 23,933 policyholders out of 40,531 who have had BI claims linked to the test case action accepted have received at least an interim payment so far