Regulation
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News
FCA dispels profits myth about Consumer Duty
’We wanted to set higher and clearer standards and want firms to put their clients first,’ says director
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News
‘More clarity’ needed from regulators over AI
’Companies are willing to put investment in again and there are exciting developments on the horizon for AI,’ says deputy chief executive
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News
FCA to explore big tech opportunities for insurance industry
’Big tech’s growing emergence in financial services has already made life easier for consumers,’ says chief executive
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News
'Record breaking’ amount of IPT collected as premiums rise
’Reducing or removing IPT would be a step in the right direction,’ says head of insurance consulting
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News Analysis
Big Question: What are the biggest challenges set to hit brokers in H2 2024?
Insurance Times asks experts about challenges brokers face and what can be done to mitigate evolving threats
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News Analysis
Complaints handling not up to scratch as complaints volumes soar
Consumer Duty has placed a greater spotlight on complaints data, however findings for UKGI show that ‘more than a third of cases’ are being overturned by the ombudsman
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News
High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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News
Regsearch plots UK launch following AI partnership
’Our goal was to build a mainstream regulatory compliance solution that millions of people could use,’ says founder and chief executive
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News
Napo ‘first pet insurer’ in UK to offer medical cover for XL Bullies
’We decided to create this policy after speaking to several pet parents who’ve struggled getting access to healthcare,’ says chief executive
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News
FCA reveals findings of review into travel insurance signposting rules
’Many people facing serious medical conditions struggle with the cost of travel insurance,’ says executive director
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News Analysis
Is travel insurance next on the FCA’s radar?
The regulator’s approach to Gap insurance has signalled its enforcement style for 2024 – but could travel policies ‘riddled with caveats’ be the next product under the fair value spotlight?
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News
FCA identifies ‘areas for improvement’ in insurers’ valuation of vehicles
The findings of the regulator’s multi-firm review have identified some failings in motor total loss claims
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News Analysis
TechTalk: Impact of simplified R&D scheme for insurtechs and startup brokers is ‘yet to be seen’
Brokers and MGAs investing in software that is new, improving a process or addressing an uncertainty could benefit from R&D tax relief
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News
Supreme Court unanimously rejects insurers’ mixed injury appeal
People with mixed injury claims can claim full common law compensation for their non-whiplash injuries at the same time as the statutory tariff payment for whiplash, the court has ruled
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News
High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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News Analysis
UK has ‘right approach’ to AI versus EU’s legislation
’The real risks are with the use of AI, not with the technology itself,’ says chief executive
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News
FCA business plan focuses in on Consumer Duty implementation
’We remain resolute in supporting the vital role the financial sector plays in the UK’s long-term economic growth,’ says regulator’s chief executive
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News
High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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News
Facility to improve insurance availability for buildings with fire risk gets key capacity
’This unique facility aims to present a competitive market solution that will address this important issue,’ says chief executive
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News
Backchat: March 2024
Discretionary motor commissions, an arty insurer, insuring love and a new climate protest group targeting the industry. What has the insurance sector been up to this month? You heard it here first…