Regulation News

balanced pricing

Competition watchdog urges brokers and insurers to increase the pace of tackling dual pricing

CMA update on dual pricing recommendations finds businesses have not yet done enough to treat loyal customers fairly

Nick Pester 2

‘To survive, change must come from the top down’ - Insurance2025 speaker, Capital Law's Nick Pester

Ahead of appearing on the ‘Blockbuster’ debate at Insurance2025, Capital Law partner, Nick Pester speaks to Insurance Times about the need for change to sustain stability

parliament

MASS accuses MoJ of ‘cutting corners’ in whiplash portal development

In a letter sent to Rt Hon David Gauke MP, MASS says the MoJ is “cutting corners” and choosing “the worst option available” to meet a “politically driven deadline”

herne hill flood cropped

Average cost of inland flooding three times more without defences

Industry calls on government to increase flood defence spend following the release of research by the ABI

Fire

​ABI requests compulsory sprinklers in schools and ban on combustible materials extended

It follows the ABI and Zurich submitting evidence on modern methods of construction to a select committee following the Grenfell fire

SAM WHITE

'The concept of corporate hierarchy is under fire' - Insurance2025 speaker, Pukka's Sam White

Ahead of speaking at Insurance2025 on 3 July, Sam White sits down with Insurance Times to discuss the changing company culture and what needs to be done to attract the next generation

Cars on sale

Car theft payouts hit seven-year high as it passes £1.2m per day

ABI figures show quarterly payouts for vehicle thefts at its highest number since 2017

I stock gdpr data lock 620x413

Legacy systems 'unintentionally causing GDPR violations'

Tech analyst Auger calls for ”increased vigilance” as some companies are still violating GDPR without knowing it

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Regulation Analysis

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Fraud Charter: ‘Help us stamp out bad CMCs’ - FCA’s plea to the industry

Frustrations peaked at the Insurance Times Fraud Charter last month over lack of communication from the MIB regarding the LiP portal, and the FCA updated the room about CMC regulation

James Reader jpg

The motor market will get tougher before it gets better - Covéa chief

Covéa chief executive James Reader talks to Insurance Times about the increasingly difficult motor insurance market, while announcing measures to reduce car theft through keyless technology

change

'Clamp down on unregistered insurers' - industry opens up on desired IPT review outcomes

HMRC is seeking views on a range of issues including the use of insurers unregistered to pay Insurance Premium Tax, and whether brokers should be allowed to foot the bill

reinsurance price hikes

Exclusive FOS data reveals motor insurance drives complaints about insurers

The Financial Ombudsman Service received almost twice as many complaints about car and motorcycle insurance in the six months to March than any other product

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