Regulation – Page 122
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AgendaInsurance bodies voice concern over apprenticeship levy
Biba and the CII are worried about affect of government’s levy plan on an industry that is already investing in apprenticeships
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NewsMobile phone insurance provider faces possible FCA action
Mobile phone insurance market follow-up probe found some improvements, however this was not the case with many firms
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Agenda
Fidelis Insurance to underwrite in the UK
The insurer is run by former Lancashire chief Richard Brindle
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NewsFOS receiving growing number of complaints about premiums
Some insurers are offering cheap premiums to new customers but longer-standing policyholders see year-on-year increases
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NewsAnalysis: Actuaries' data shows CMCs still fuelling whiplash claims
Institute and Faculty of Actuaries says reforms have had no effect with lower number of CMCs seeing sharply higher turnover
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NewsBroker director handed 11-year ban for mis-selling insurance
My Cover’s David Stuart Picton caused company to mis-sell more than 11,000 policies
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NewsPRA approves 19 insurers' Solvency II models fully or partially
Regulator publishes list of general and life insurers whose internal models can be used from 1 January
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NewsFCA renewal plans could be watershed for insurance, says AXA's Blanc
AXA UK & Ireland general insurance chief executive Amanda Blanc says insurance is waking up to the importance of trust and transparency
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NewsFCA renewal premium plan 'watershed moment', says AXA's Blanc
Insurance industry is waking up to the need for greater transparency and earning customer trust
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NewsAviva welcomes FCA's prior year premium plan
Insurer says proposals are good news for consumers
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Online onlyABI welcomes FCA consultation on policy renewals
ABI says publishing prior year premiums will help encourage customers to engage with their policies
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NewsFCA launches consultation on policy renewals
Proposals will address concerns that some consumers pay higher prices if they stay with the same insurer - FCA
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NewsCMC fined £850,000 for nuisance deafness claim calls
Lancashire-based National Advice Clinic receives regulator’s biggest fine so far
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NewsFSCS: no interim levy expected for 2015/16
Both insurers and broker considered at low risk of additional charge
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NewsFCA issues warning about unauthorised insurer
AJ Cox Insurance has been targeting UK customers, regulator says
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NewsEuropean Parliament votes on brokers to disclose pay structure
But under plans for the IDD the Parliament has not called for a mandatory disclosure of how much they get paid
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AgendaAnalysis: Why Laspo needs a reboot
The failure of legal reforms to beat spurious injury claims had led to calls for more government action. But insurers have been blamed for adding to the problem by paying spurious claims
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NewsFCA considers granting FOS access to more small businesses
Regulator seeking views on level of protection for SMEs when buying financial services
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Online onlyFCA starts consultation period on PPI complaints deadline
PPI mis-selling has become the most complained about financial product of all time
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NewsRegulators approve Allianz’s solvency capital model
German, UK and other EU regulators sign off insurer’s internal model
