The Financial Services Authority (FSA) will publish a consultation paper tomorrow to set higher capital requirements on riskier financial services firms ready for the EU Directive in 2004.
The move will mean all financial services companies, including general insurers and brokers, will have to show they have a minimum capital ratio to cover all risks.
The FSA believes this will improve the "soundness" of risky firms which will have to hold more capital than the "less risky firms".
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.
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.
