Regulation – Page 10
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News AnalysisBriefing: Does the government have its own discount rate expectations?
Although the insurance industry is positive about the amended personal injury discount rate scheduled to come into force, sector whisperings wonder whether the change forms part of Labour’s agenda to lower motor cover costs
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News‘Game changer’ Equality Act update could cause EPL issue ahead of Christmas party season
Employment practices liability policies might not be reflective of October’s legal refresh, meaning that cover is ‘not fit for purpose’, says law firm partner
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NewsInsurance Times Advent Calendar: Mike Edgeley
As we enter the second week of December, Mike Edgeley, group chief executive at intermediary The Clear Group, applauds the role of UKGI and hopes the regulator has plans for a quieter new year
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NewsInsurance Times Advent Calendar: James Daley
For the fifth day of advent, James Daley, managing director at Fairer Finance, discusses premium finance and regulation
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NewsInsurance Times Advent Calendar: David Nichols
For the fourth day of advent, David Nichols, head of retail at Zurich UK, discusses the insurers achievements, regulation and customers
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News AnalysisBriefing: ‘Tis the season to be jolly?
Macroeconomic circumstances have buffeted the UK general insurance market in recent years – that trajectory looks set to continue as 2024 comes to a close and pressure points still pinch firms
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NewsInsurance Times Advent Calendar: Clint Milnes
For the third day of advent, Clint Milnes, chief operating officer at Winn Group talks regulatory change and Christmas get-ups
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NewsDiscount rate decision set to deliver premium decrease for motorists
’The increase of the personal injury discount rate should bring some consistency to aspects of how motor insurance premiums and payouts are calculated across the UK,’ says head of general insurance
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News AnalysisThe Big Question December 2024: What trends do the UKGI market need to be cognisant of heading into 2025?
With the new year fast approaching, Insurance Times quizzes industry experts on what the insurance sector should watch out for in 2025
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News AnalysisBriefing: Is the FCA misunderstanding insurance fundamentals?
Regulatory investigations appear to be tightening the leash on insurance operations, despite the FCA’s bid to streamline its rulebook – but is the FCA missing the point on key practices within the market?
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NewsFairer Finance welcomes new consumer advisory board chair
’I look forward to working with the team to continue to advocate for transparency, higher standards and a more inclusive financial services market for all consumers,’ says new chair
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IT InterviewFCA review on rule simplification offers ‘opportunity’ to forge ‘proportionate’ framework – Jon Dye
The chief executive says Consumer Duty marked ‘a significant regulatory change’ that ‘has involved a good deal of work’ to implement and embed successfully within the insurer’s operations
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NewsFCA branded ‘complacent, conflicted and captured’ in new Parliamentary report
The APPG noted that the regulator was ‘widely seen as incompetent’ and that a ’significant number of respondents believe the FCA sometimes acts in bad faith’
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News AnalysisGTA chief says greater regional stability needed prior to launching EV credit hire scales
Pressure for the General Terms of Agreement to include electric vehicles is increasing, but those behind the scheme say that this inclusion can only come when key issues are resolved
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NewsBrokers must review employment practices liability policies ahead of ‘revolution of employment rights’
The Employment Rights Bill features 28 reforms to existing employment standards – brokers and underwriters must therefore work together to ensure that employers’ liability cover is ‘fit for purpose’, says head of claims
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News AnalysisBriefing: Data reform bill treads privacy fine line, but insurer opportunities ahead
New data access bill has the power to ’drive efficiency and economic benefits’, says head of analytics, claims and underwriting
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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from 11 to 15 November 2024
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NewsBroker fined £1.1m and banned by FCA for misusing funds due to insurers
’This fine and ban shows how seriously we take individuals who abuse their position for personal gain,’ says executive director
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News AnalysisThe Big Question November 2024: What does UKGI hope will result from Labour’s motor insurance taskforce?
In October 2024, the newly elected Labour government established a motor insurance taskforce to ’crack down on spiralling costs’ – but what does UKGI anticipate will be the key actions arising from this body and will it have the desired impact on motor premiums?
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News‘Polycrisis’ presents UK insurers with an opportunity to be ‘impactful’ – Axa UK and Ireland
Plus, Aviva’s UKGI boss emphasises that insurers must ‘put our money where our mouths are’ when it comes to engaging on ‘collective goals’
