Regulation – Page 130
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Online onlyThe Knowledge: Growth – Compliance costs are ‘threat to growth’
As the general election looms, Biba lobbies at all three party conferences to lower the cost of regulation for brokers
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Online onlyThe AA calls on the insurance fraud taskforce to show its teeth
The broker wants the group to introduce new measures such as increased rehabilitation and limits on when a claim for whiplash can be made to fight back against fraud
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NewsGovernment to review tax and regulation to attract reinsurers
Reform mooted in Autumn statement
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NewsGovernment to launch claims fraud taskforce
New initiative to be chaired by Law Commissioner David Hertzell
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NewsPaul Evans: Industry should expect FCA to probe new customer discounts
ABI chairman says industry still has features that promote customer distrust
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NewsGovernment to launch MedCo whiplash medical reporting portal on 1 April
Only medical reports sourced from MedCo will be accepted as evidence in support of whiplash claims
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NewsABI urges government to increase flood defence spending further
Insurer trade body notes £500m gap in funding
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AgendaSolvency II stress test defeats one in 12 insurers
Eiopa says the sector is more vulnerable to a ‘double hit’
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NewsPRA proposes new accountability regime for insurers’ top executives
New system aims to bring insurers into line with banks
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AgendaLouise Ellman – a force for change in insurance
As head of the Transport Select Committee, Louise Ellman has been instrumental in much of the recent reform surrounding motor insurance. But not all insurers see her as a friend
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Online onlyABI willing to discuss consumer statement of rights with credit hire industry
But the ABI’s Rob Cummings said insurers still have ‘significant concerns’ with the proposed wording
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NewsHouse of Lords issues call for evidence on Insurance Bill
Those with interest n the bill have until 27 November to submit views
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NewsTowergate to review more than 2,000 customer files following FCA probe
The regulator has been investigating sales practices at Towergate Financial
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Online onlyHuw Evans to become ABI director general
Current director general Otto Thoresen will step down from the role in February 2015
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NewsFinancial firms agree to improve complaints handling after FCA review
Regulator to consult on changing its dispute resolution rules
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NewsFCA: Most brokers failing to manage bribery and corruption risks
Files and senior management oversight found weak in majority of firms studied
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Online onlyInvestigation: Gibraltarian insurers in Solvency 2 capital battle
Some companies are trading below their minimum required solvency margin, while others still have work to do to beef up
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NewsCMA defends action on protected no claims bonus cover
Speaking at the Insurance Times Broking in the Motor Revolution conference, inquiry director Andrew Wright said sales practices for protected no claims bonus represented a ‘significant’ problem for consumers
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NewsBan on price parity agreements will reduce aggregator commission prices – CMA
Competition and Markets Authority inquiry director Andrew Wright told delegates at the Insurance Times Broking in the Motor Revolution conference that the ban on wide most favoured nation clauses will improve aggregator innovation and drive down acquisition prices
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NewsBrokers need to influence regulation to create a fair market - Mark Cliff
Ageas Retail chief exec warned delegates at the Insurance Times Broking In The Motor Revolution conference about the “unintended consequences” of an unfair regulatory landscape
