Regulation – Page 15
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News AnalysisInsurance firms ‘pivot’ towards front-facing and operational technology
’As firms strategise for 2023 and beyond, the integration of technology and the addressing of skill gaps will likely be at the forefront of their agendas,’ says chief executive
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News AnalysisIn Focus: How are motor insurers addressing popularity of electric vehicles?
Insurance Times asks industry experts if motor insurers are adapting their business strategies
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News AnalysisBriefing: Financial lines brokers must watch out for increased scrutiny of ‘finfluencers’
Brokers’ experience of compliance with Consumer Duty makes them well-placed to advise financial clients on the risks of not complying with upcoming regulations
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NewsInsurers have ‘responsibility’ to boost brokers’ cyber cover knowledge
’Cyber is still relatively new for any broker,’ says general manager
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News AnalysisAI can ‘turbocharge’ the UK insurance sector – NTT Data
’AI provides the ability to personalise the insurance jargon and output in a way that the recipient of communications will understand,’ says industry development lead
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NewsTrudgill issues FCA plea as Consumer Duty regulation comes into force
Chief executive says this is ’one of the most significant pieces of regulation there has been’
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News‘A watershed moment’ – Reaction as Consumer Duty comes into force
’Firms will now have a laser focus on looking at everything through the lens of the customer,’ says chief client officer
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News AnalysisIt’s deadline day for the new Consumer Duty – but is the industry ready?
Preparing for the new regulation has been a ‘huge piece of work’, says chief executive
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NewsConsumer Duty still causing ‘headaches’ as regulation comes into force
However, head of consumer strategy says there can be ’really good benefits’ in the long-term
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News AnalysisConsumer Duty’s regulatory burden particularly unwelcome for SME brokers
According to Jackson Lee Underwriting’s head of leisure insurance Graeme Hamilton “some people forget about the small brokers out there”.
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NewsWarning as data shows insurers ‘need to up game’ ahead of Consumer Duty deadline
’As part of its new Consumer Duty, the FCA should clamp down on firms that fall below the required standards,’ says expert
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NewsThe challenges and opportunities smaller brokers face as Consumer Duty deadline looms
’Some people forget about the small brokers out there,’ says head of leisure insurance
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NewsPremium Credit looks to support brokers with FCA fees
Sales director says move comes ’at a time when finances are under considerable pressure’
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NewsIncreased upheld FOS complaints ‘does not exactly scream fair value’
The latest results should make a ‘worrying read for insurers’ as the Consumer Duty deadline looms, says co-founder
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News AnalysisBriefing: FCA surprised at high commission levels for multi-occupancy buildings insurance
It seems the ship has well and truly sailed on the sector effectively self-regulating on this issue
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NewsWhy insurance industry should focus on long-term gain of Consumer Duty regulation
Head of consumer strategy says there are ’rewards to be had’ by companies that get the implementation of the new regulation right
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News‘Appears to be sensible’ – Reaction as PRA launches Solvency II reform consultation
’The measures will reduce bureaucracy, facilitate competition, and support UK economic growth and competitiveness’ says PRA chief executive
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News‘Landmark legislation’ – Biba praises new Financial Services and Markets Bill
’Proportionality is essential for a competitive market,’ says executive director
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NewsSmaller brokers have had enough of ‘regulatory burden’ – Blanc
’As ever, the problem and the solutions lie in effective communication,’ says head of M&A
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News AnalysisBriefing: Why brokers are ‘scratching their heads’ as Consumer Duty deadline looms
The principle for financial firms to deliver good outcomes for customers sounds pretty innocuous, but is proving fair value as simple as what it seems?
