Insurance accountant Moore Stephens said FSA regulations would make the UK less attractive to global insurers and threaten its position as global insurance leader.
The company said the in the modern global economy businesses can afford to be choosy about where they are established.
It also said the FSA set the UK ahead of Europe in regulation terms and warned there could be further implications for the industry.
Insurance partner Michael Butler said: "In the UK, the FSA is seen as being a step ahead of the regulators in the rest of Europe. Now, more than ever before, the message for insurance companies is: if you are going to do it, make sure you do it properly."
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.
