Regulation
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Latest NewsBrokerFest 2021: Broker networks ‘oversell’ their value - Trident Insurance
Brokers can remain independent from merging with big conglomerates if they remember what they are good at, says broker director
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Latest News
FCA still concerned over industry understanding of product governance rules
The regulator said that brokers are struggling to identify themselves as manufacturers or distributors, meaning they are uncertain whether updated product governance rules apply to them
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Latest News
FCA issues warning to insurance firms over hybrid working risks
The regulator will be evaluating firms on a case by case basis
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Latest News
Brighton Pier Group receives £5m following Covid-linked business interruption claim
The claim relates to losses incurred to the end of June 2021
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Insight
Clarity over ‘excessive’ administration fees vital as FCA tightens rules
Following the FCA warning that firms are struggling to meet its deadline for the implementation of new fair value rules, the debate over broker administration fees and potential double charging has intensified
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Latest News
Government explores underwriting home insurance for flammable cladding risk
Home insurance premiums have soared from £8m to £29m in a year, according to the Association of Residential Managing Agents
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People & Opinion
Industry collaboration is the only way to defeat fraud challenges – Carpenters Group
Faye Fishlock, head of defendant services at Carpenters Group, looks at the insurance fraud issues the industry is facing following feedback from the latest Fraud Charter roundtable
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Insight
Insurers face climate challenges from all sides amid fossil fuel dilemma
As COP26 approaches, insurers’ work to address climate change faces scrutiny while campaigners bid for insurance support to be withdrawn from fossil fuel commercial policyholders
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Latest News
Insurtech UK inks deal with Gibraltar Finance to strengthen members’ regulatory access
In the UK, there has been a trend for insurtechs applying to Gibraltar for broking licences
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Latest News
Micromobility and e-scooters fall outside new claims portal criteria
Two law firms relay their concerns about micromobility and e-scooters as the new Highway Code is set to be unleashed
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Insight
Fraud Charter: Interim remediation is ‘vital’ while Online Safety Bill progresses
Carpenters Group moves to exert pressure and open debate between the UK government and the insurance industry around ad spoofing
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Insight
Briefing: Size is important when it comes to being resilient to the FCA’s GI pricing reform
Webinar panellists emphasise that firms cannot assume how their customers will behave post-reform, with switching still rife even if consumers are offered lower prices
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Insight
Briefing: FCA value and pricing reform throws up big questions – but there is help
The FCA pricing reform deadline is fast approaching this Friday, but there is help in answering the key questions
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Latest News
KPMG warns of ‘uneven playing field’ ahead of regulator’s product governance rules
The FCA’s product governance rules come into force on 1 October and some insurance firms are not ready
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Latest News
Labour backs motion to fight cladding risk scandal as professional indemnity prices soar
Insurers are showing ‘cautious willingness’ to underwrite fire safety risks on defective cladding
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Features
In Focus: What are your concerns regarding the longevity and stability of capacity arrangements for MGAs?
Three industry experts discuss capacity arrangements in the MGA market, outlining innovative future options and current frustrations
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Latest News
EU plans to save Covid-stricken economy by easing insurance capital rules
The UK has already begun reviewing Solvency II rules after leaving the EU last December
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Features
Gibraltar: Light touch regulator or rock steady market of the future?
Solvency II requirements have ‘levelled the playing field’ between the Gibraltar and UK insurance markets, according to exclusive insight from Insurance DataLab and Insurance Times
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Latest News
Availability and affordability of insurance an issue amid Covid-19 – IUA
Despite this, the IUA’s chairman says capital coming into the market is a ‘healthy sign’
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Latest News
Confidence in MGAs on the up following pandemic dip – Clyde and Co
Interest in the European market has also increased
