The FSA has said that it has kept more than 600 unsuitable mortgage and general insurance (M&GI) firms out of the industry since the start of regulation.
The FSA records show that the majority of these either withdrew or were refused permission to conduct business at the first stage of the authorisation process.
Andrew Honey, head of Insurance in the small firms division of the FSA said: "This is good news for the industry. It is essential that unfit firms are kept out to ensure there is a level playing field for the benefit of intermediaries. It also provides crucial protection for consumers. In order to achieve this, the FSA has a robust authorisations process and is willing to defend its decisions."
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.
