Regulation – Page 123
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News
Aviva operational risk director to join FCA in GI role
Michael Sicsic joins regulator as general insurance retail sector head
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FCA hires new enforcement and risk directors
Regulator also announces three internal director appointments
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Agenda
Moneysupermarket.com shares fall on possible Ofgem probe
Energy regulator may launch inquiry into price comparison sites
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All options still on the table for add-on market - FCA
Regulator denies it has scrapped plans for insurer to publish claims ratios
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Insurers ignore regulatory obligations when outsourcing work - FCA
The FCA found several firms failed on due diligence when delegating
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Q&A: Solvency II creator Karel Van Hulle on the future of the regulation
Why the start date of Solvency II is just “the end of the beginning”
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Leaving the EU 'bad for business' - Inga Beale
Lloyd’s chief said being part of the European community is vital for keeping Britain’s place as the leading destination for foreign investment
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Interview: Fighting the rising tide of claims
Direct Line Group claims managing director Steve Maddock owes much of the company’s success – and its confident attitude to reform and education – to the board’s support
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News
FCA mulls tougher rules around PPI
Regulator move prompted by Supreme Court case involving loan company Paragon
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Gallagher ‘expected’ FCA section 166 report because of rapid growth
Gallagher confirms FCA review
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Analysis: Insurance industry takes steps towards gender balance
More women are becoming directors of the country’s blue chip companies, but the government’s target of achieving one in four female board members of FTSE 100 companies by 2015 is still short
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Briefing: New concerns for Gallagher amid FCA probe and fine threat
What does this new regulatory issue mean for Gallagher?
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News
FCA probe: SMEs underinsured in fifth of larger claims
In some cases where policy was sold on non-advised basis by insurer or broker sums insured was less than 50% of the required cover
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Analysis: Moorhouse add-on fine serves as a warning for small brokers
The FCA is placing increased scrutiny on how brokers sell add-on insurance products – cases such as Moorhouse and Swinton illustrate the cost of failing to meet FCA requirements
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Analysis: Tory-led exit from EU ‘could hurt trade’
Uncertainty over future of UK’s EU membership could give potential partners jitters
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Analysis: CMA motor probe tops rocky year for sector
Curbing the compensation culture was the key target for regulators over past 12 months
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News
General insurance complaints fall 3.6% in 2014/15 – FOS
Buildings and contents and pet and livestock are the most complained about GI products
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PPI made up two thirds of complaints to FOS in 2014/15
In 2014/15 FOS also answered 1.8 million enquiries and resolved 448,000 cases
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The Knowledge: Companies urged to interrogate supply chains
Ethical supply chain issues are a real threat to the reputation of a brand