Regulation News

ERS reserving

Admiral chief exec calls out “unfair” IPT for younger drivers

Insurance premiums for males were higher, with the average policy costing £2,294 for a 17-20-year-old in 2018, compared to £1660 for females

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Royal Assent of terrorism bill marks “turning point” for industry

The bill will allow Pool Re to provide business interruption cover for firms that suffer losses due to terrorism

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France publishes emergency insurance plans for no deal Brexit

The rules will govern UK insurers with French risks in the event of a no deal Brexit

Gender diversity

Women still earning less than men despite gender pay gap reduction - AXA

The AXA report found that 91% of women and 90% of men received a bonus payment

Ageas

ABI sounds warning on FCA proposals set to cost industry millions

The FCA has said that the benefits of the proposals would outweigh the financial cost to the industry

Money

Biba warns of 'unfair' FSCS bill hitting brokers in February

Biba is urging brokers to prepare for an additional levy set to hit them this coming month

Bluefin

FCA proposes new rules on reporting GI value measures data

The FCA is consulting on all firms reporting value measures data for most general insurance products

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Regulation Analysis

insurance bracing for brexit - analysis

Stakes high for UK brokers as Brexit day approaches

Insurance Distribution Directive fails to offer reassurance to UK brokers with EU business

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'Expect a major shift in fraud post-reforms,' former IFB boss warns

Jason Potter also predicts a “significant spike” in traditional fraud ahead of the implementation date next year

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15 minutes with... REG UK's Paul Tasker

Insurance Times spoke to REG UK managing director Paul Tasker to find out what was going on in the world of RegTech

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Five questions with... chief executive at ECIC, Richard Forrest Smith

What has happened since Markel bought ECIC? What is happening in the contracting market? And what effect will Brexit have? ECIC chief executive answers all

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