Brokers reducing panel sizes as an ‘unintended consequence’ of regulatory burden
’The FCA like healthy competition because it works in the interests of consumers, but if regulation is driving the opposite, then it’s time to look at it,’ says regulation director
Further reading
Biba reveals impact of regulation costs on insurance premiums
‘We strongly believe that the burden of regulation can be reduced and we are working closer than ever with the FCA on a number of opportunities to achieve change,’ says chief executive
UK insurance sector is strong because of regulation – FCA’s Matt Brewis
Despite increasing calls for deregulation, the value of a stable environment cannot be understated, says regulator
Briefing: Brokers must bolster commercial cyber cover takeup
Promoting simplicity, collaboration and storytelling is a strong strategy brokers could employ to support cyber cover penetration among UK businesses
Briefing: Maintaining competence is key in driving up standards of professionalism
The Chartered Insurance Institute’s executive director of strategy, advocacy and professional standards, Adam Harper, questions FCA proposals scrapping CPD requirements for insurance staff
Briefing: Is now the right opportunity to address underinsurance?
Brokers must make time to advise, influence and protect clients from underinsurance as softening market creates ideal moment in time to take advantage of competitive pricing
Briefing: ‘Climate breakdown’ puts pressure on insurers – but is timely, country-wide risk management achievable?
Popular naturalist tells Lloyd’s event that the UK is not feeling ‘enough pain’ to take suitable risk mitigation action against flooding
Briefing: High profile attacks represent penetration opportunity for cyber market
The sector should ’never waste a good crisis’, says MGA distribution director
Blueprint Two benefits will take ‘quite some time’ to impact London market as project is ‘too big’
London market broker leader is ‘worried’ about when the digital transformation programme will deliver, noting that it should have been ‘split down into very specific areas’ from the start, rather than following a ‘big bang approach’
Jo Sykes: Markel UK devises five pillar plan to become ‘more relevant’ for brokers
Among the insurer’s key focuses for the next five years is developing further schemes propositions, building out its eTrading strategy and improving its regional distribution network
Biba 2025: Tokio Marine HCC strives to secure three facilities with brokers in 2025
The insurer’s international head of distribution believes the business needs ‘to whisper a little bit louder’ than it has done in the past to attract greater brand recognition and better promote broker partnership opportunities
Claims handling the number one target for human led AI integration
Insurance industry professionals identified claims handling as the area ripest for automation, with many viewing human-AI partnerships as the key to blending efficiency and accuracy
The Big Question: What were the most unexpected takeaways from the Biba Conference 2025?
Briefing: High profile attacks represent penetration opportunity for cyber market
Live chat rise and lost phone calls show digital tension in commercial lines
TechTalk: Capacity providers ‘more willing to experiment with insurtechs’ – but bar for collaboration is set high
Richard Breavington: Exposure, appetite and uptake – the changing strategy of insurers in the cyber market
Brokers reducing panel sizes as an ‘unintended consequence’ of regulatory burden
Gender pay gaps at UK insurers revealed – the best and worst performers
Blueprint Two benefits will take ‘quite some time’ to impact London market as project is ‘too big’
Briefing: Is now the right opportunity to address underinsurance?
Briefing: Maintaining competence is key in driving up standards of professionalism
HNW homes at risk from underinsured wardrobes
Claims handling the number one target for human led AI integration
Jo Sykes: Markel UK devises five pillar plan to become ‘more relevant’ for brokers
Softening market sees commercial premiums drop in all but one UK region
The Big Question: What were the most unexpected takeaways from the Biba Conference 2025?
Briefing: ‘Climate breakdown’ puts pressure on insurers – but is timely, country-wide risk management achievable?
In Focus: How important is it for insurance to move beyond indemnity and into risk mitigation?
Briefing: High profile attacks represent penetration opportunity for cyber market
BMS Group eyes UK retail growth following DR&P acquisition
In Focus: Concussion in sport – The legal test cases that could reshape liability risk
Briefing: Brokers must bolster commercial cyber cover takeup
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