The IIB has joined Biba in expressing alarm at the FSA's proposed changes to the insurance conduct of business rules (ICOB).
The body said it feared the changes, as contained in the FSA's consultation paper CP05/14, would deprive consumers of vital information when dealing directly with insurers.
The proposals include abolishing status disclosure for insurers dealing directly with retail customers and the requirement for a demands and needs statement in respect of non-advised sales - which are virtually all in the ‘deal direct sector'.
IIB director general Andrew Paddick said: "This entire subject needs a sensible review."
The IIB said it would be making a "very robust" formal response to the consultation paper.
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.
