Regulator conducted 47 Arrow visits in first nine months of 2012

Magnifying glass

The FSA has increased its scrutiny of the insurance industry with a higher number of Arrow visits, according to the Financial Times.

Citing data from a Freedom of Information Act request by law firm Reynolds Porter Chamberlain (RPC), the FT said the regulator paid insurers 47 visits in the first nine months of 2012, compared with 34 in the whole of 2011.

But the tally of Arrow visits for other financial services companies remained almost the same.

RPC partner Richard Burger told the paper: “The FSA has really put the insurance sector in the spotlight over the past year – it may have decided that it is the insurance sector’s ‘turn’.”