Regulation – Page 14
-
Analysis
The Big Question July/August 2022: How can insurers better support brokers with compliance?
Insurance Times asks industry leaders how insurers can better support brokers amid the FCA’s influx of new regulation
-
News
Travel insurance signposting review delayed by FCA
The regulator said that the impact of the Covid-19 pandemic would ‘undermine’ its ability to draw firm conclusions
-
News
PCWs have ‘moral responsibility to support fair value’, but they must take ‘huge risk’ to stand out
Insurers have also had a slow start in undertaking fair value assessments, which will have a knock-on effect on brokers’ workloads, says compliance expert
-
News
Brokers must look to their business models to combat costs of regulation
Compliance expert explains that ‘a lot of brokers don’t understand the value of their time’
-
Analysis
In Focus: The OIC portal one year on – success or failure?
Three experts share their perspective on how the Official Injury Claim portal is performing as the system passes its first birthday
-
News
Whiplash reforms have ‘dampened a rise in claims’ – MoJ’s David Parkin
Plus, the Official Injury Claim portal has not been ‘swamped by CMCs’ as predicted, says deputy director
-
News
FCA urges insurance intermediaries to address ‘significant risks of potential harm’
The regulator said it has continued to observe ’ineffective governance and control arrangements’ from insurance intermediaries
-
News
LMG identifies six metrics designed to secure London market’s global competitiveness
The trade body outlines ‘six priority initiatives’ through which the insurance industry’s ‘competitiveness agenda can start to be established and measured’
-
News
Gove welcomes FCA findings on buildings insurance market
The secretary of state is also ‘keen to review’ the insurance industry’s role in contributing to ‘high premiums’ for leaseholders
-
News
Brokers are ‘safe haven’ for M&A capital
Amid record amounts of M&A, independent brokers can showcase their status to build customers, while consolidation potentially makes room for broking startups – if they can pass regulatory muster
-
News
Top Premier League clubs to pursue BI claim against major insurers
A ruling in this case could represent a ‘new test case’ for business interruption claims
-
News
FCA confirms significant delays in M&A process
Firms looking to complete acquisitions could face waits of over two months for regulator approval
-
News
Brokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
-
Analysis
Briefing: FCA backs Biba on FSCS levy reductions, but admits change ‘will take some time’
Despite some alignment in thinking, Biba’s chair still believes the regulator needs to take ‘a long, hard look at its own responsibilities and approach to our low risk sector’
-
News
Sheldon Mills: FCA does not have ‘one-size-fits-all approach to regulation’
Achieving balance between the regulator’s 4,500 staff and the 55,000 firms its regulates is a challenge, notes the executive director
-
News
Regulation in the ‘age of acceleration’ represents a ‘black elephant’ for the sector
Quick-fire technology developments mean the government is at risk of ’regulating the previous innovation, rather than the next’
-
News
FCA considering ‘rules to limit commission’ for multioccupancy buildings insurance
The regulator is collecting data from the insurance industry to help inform ‘potential interventions’, says executive director for consumers and competition
-
Analysis
House of Lords advocates more proportional regulation for London market
Inquiry calls for ‘broader reassessment of regulatory culture’ as current London market oversight is described as ‘inflexible’ and ‘unnecessarily complex’ by committee chair
-
Sponsored Content
Pearson Ham: How have the general insurance pricing practice remedies impacted market rates?
Pearson Ham’s director of insurance pricing, Stephen Kennedy, discusses the impact of the FCA’s pricing reform in the home and motor markets
-
Sponsored Content
Firms must think fast, move fast and plan ahead in order to thrive - Winn Group
Chris Birkett, chief executive of accident management firm Winn Group, discusses the impact of the Civil Liability Act on the sector and looks at how to succeed in a challenging market