Regulation – Page 10
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NewsFCA 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 AnalysisIs 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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NewsFCA 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 AnalysisTechTalk: 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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NewsSupreme 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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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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News AnalysisUK 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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NewsFCA 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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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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NewsFacility 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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NewsBackchat: 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…
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News AnalysisOpinion: Has EU left UK behind on AI regulation?
Editor Katie Scott compares strides made by the European Union and UK when it comes to regulation around the use of artificial intelligence – has Brexit held the UK back?
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NewsInsurtech UK calls for more clarity on new advisory panel for R&D
’It’s essential that companies with genuine claims can have effective access to this vital support in building their businesses,’ says chief executive
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News AnalysisFCA battling ‘snitches get stitches’ mindset when it comes to non-financial misconduct
’We can sit here and say ‘oh, it is a terrible culture,’ but what are we going to do about it?’ asks member of parliament
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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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NewsGovernment u-turn on angel investing rules will ‘help increase diversity’ of insurtech founders
Chief executive says it is ’heartening to see the government acknowledging the pivotal role angel investors play’
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News AnalysisBriefing: Are regulations on affordability pulling in opposite directions?
The associated costs of new regulation mean that insurance providers may soon have to consider whether affordability is affordable
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NewsSpring Budget ‘missed opportunity’ by not including action on IPT – Trudgill
’Biba will continue to champion wider issues on behalf of our members as we move further into this election this year,’ says chief executive
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News AnalysisWhat does the FCA’s actions on Gap mean for the future?
We’ve heard that the unofficial threshold for that payout rate may be set at 30%, with business lines falling under that level likely to draw increased scrutiny from the FCA, says co-founder
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NewsRemaining Gap providers told to pause sales of product by FCA
’We are working closely with Gap insurers to resolve issues as quickly as possible,’ says spokesperson
