The FSA has put pressure on insurers to ensure their secondary intermediaries are authorised by the start of statutory regulation.
In a letter to insurance company chief executives, FSA insurance sector leader David Strachan said that insurers needed to "consider the impact of regulation through the distribution chain".
Strachan asked insurers to decide if their intermediaries were to become authorised or appointed representatives.
The letter was prompted by the low response from secondary intermediaries. By 13 July only 3,781 applications had been received out of a total of 8,624 from the whole sector.
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.
