FSA chief executive John Tiner has today said it will put on hold its plans to set up contract certainty guidelines.
Speaking at the FSA's Insurance Sector Conference today, Tiner said: “To demonstrate our good faith in the market's ability to reach its goal, we will not be pressing ahead with our work on the contingency plan of regulatory intervention.
“We are putting it on the back-burner, although we are not taking it off the stove altogether.
The announcement comes after the market showed that it had exceeded its own targets for achieving improvements in contract certainty at the end of 2005.
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.
