Regulation News

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Milestone for insurers as they come under SMCR – says FCA

The regime is intended to increase individual accountability within the industry

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EXCLUSIVE: Arron Banks taking ICO to court over fine

Arron Banks told Insurance Times he would challenge the £135,000 fine and explained how he believed the ICO had breached its own protocols

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Broker preparing for insurance green card revival

Insurance firms are exploring providing green cards electronically

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One week left for SMCR conversion notifications warns FCA

Insurers will have until midnight on the 2 December to submit a conversion notification

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Government considering premium discount for drivers with cycling awareness

The government is aiming to improve cycling and pedestrian safety after an increase in fatalities last year

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Civil Liability Bill sails through parliament

No amendments were put forward as the Bill went through its last day in the House while experts debated it at the ABI Motor Conference

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Aviva apologises for breaching FCA transparency rules

Aviva has sent an email to affected customers apologising

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AXA updates management liability product with Brexit cover

In October AXA XL moved its Euopean arm out of the UK to Ireland

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Video: Five minutes with... ABI head of general insurance policy, James Dalton

Fresh from the annual Motor Conference, the ABI’s James Dalton sits down with Insurance Times reporter, Scott McGee

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Scheme brokers warned to take urgent action amid FCA pricing crackdown

FCA pricing crackdown has focused on insurers, but scheme brokers are warned they are also in firing line

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Insurer bosses vow to stamp out unfair pricing

Insurers have been responding to a letter sent to them by the FCA detailing the industry’s pricing failings

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FCA report details the third party outsourcing failings behind Liberty fine

The FCA report into why Liberty was slapped with a £5.3m fine today details how over 14,000 customers were unfairly treated

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