Regulation – Page 2
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NewsFCA signals potential ‘industry-wide redress scheme’ for motor finance commissions
’Under a redress scheme, firms would be responsible for determining whether customers have lost out due to the firm’s failing,’ says regulator
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News AnalysisIn Focus: How could the motor market evolve following legal and regulatory scrutiny?
Insurance Times quizzes the industry on how the motor insurance market could evolve considering the Supreme Court’s recent motor finance case and the FCA’s increased focus on premium finance
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News AnalysisInsurer gender pay gap reports flag senior staff imbalance and part-time job problem
Median gender pay gaps across the UK’s largest insurers are higher than the national average – but how are these firms seeking to improve pay parity?
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NewsUK insurance sector is strong because of regulation – FCA’s Matt Brewis
Despite increasing calls for deregulation, the value of a stable environment cannot be understated, says regulator
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NewsUpdate issued after FCA stops Scottish broker from trading
Restrictions were first placed on the Scottish broker in January 2025
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News AnalysisMotor insurance affordability under pressure amid FCA scrutiny
As motor insurance premiums continue to squeeze household budgets, scrutiny from regulators and policymakers is intensifying. But with competing priorities and political setbacks, is real change on the horizon?
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News AnalysisIndustry deems regulatory focus on operational resilience a ‘sensible move’
The FCA is collaborating with its regulatory peers to introduce new rules around operational resilience, seeking to mitigate ‘intolerable harm’ arising from disruptive events
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NewsCovéa inks new deal to assess broker performance and ease regulatory compliance
’This partnership is a fantastic example of how our insights can be tailored to meet the diverse needs of different teams,’ says co-founder
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NewsHigh Five: Catch up on the biggest exclusive stories this week
Insurance Times rounds up the biggest exclusive stories from 10 to 14 February 2025
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News AnalysisThe Big Question: Which regulations and data reporting should the FCA cut to boost industry growth, following letter to PM?
In January 2025, the FCA wrote to prime minister Keir Starmer about removing ’unnecessary regulation’ and reducing ’how much data some firms must provide’ – but what does the insurance industry think this could look like in practice?
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News AnalysisCan the broker commission model survive regulatory headwinds?
’There’s a need for a makeover of percentage-based models where commission is unjustified, undisclosed and uncapped,’ says partner
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NewsMGA warns that no win, no fee firms threaten insurers’ stability
’Without stricter regulation, these firms will continue to drive up costs, create unnecessary complexity and undermine consumer confidence,’ says claims director
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NewsFCA reveals how many general insurance firms breached financial promotion rules
’We have stepped up our efforts to make sure that financial promotions are clear, fair and accurate,’ says director
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News AnalysisDeregulation vital if UKGI wants to remain at the forefront of UK’s growth strategy
Rachel Reeves is leading the charge for a more competitive UK economy, however is the insurance sector cutting off its nose to spite its face with regulation that hampers agile innovation?
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NewsFCA action against misleading financial adverts nearly doubles
’Over the past year, we have seen a growing number of misleading and illegal financial promotions,’ says director
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Sponsored ContentInsurance as a catalyst for energy efficiency in the built environment – Dual UK
Rob Best, managing director of climate risk and resilience at Dual UK, unpicks how and why built environment-based businesses should embrace retrofitting to improve energy efficiency
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NewsBiba urges insurers to address differential pricing in fair value warning
’It is vital that insurers ensure fair value and consistency in the provision and pricing of their products through each of their distribution channels,’ says manifesto
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News AnalysisBriefing: What is good – and challenging – across UKGI upon entering 2025?
Although recruitment, refinancing, M&A and compliance will keep UKGI brokers on their toes for 2025, the sector still has an awful lot to be grateful for
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News AnalysisBriefing: Insurers facing another fight to be heard as UK government launches AI campaign
Although embracing artificial intelligence is viewed as a necessity by the insurance market, the government’s intentions to accelerate adoption and usage has the industry feeling nervous
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News AnalysisOmbudsman complaints reveal insurers are still struggling with claims
Customers must be placed at ‘the heart of the claims process’ if insurers are to instigate a turnaround in complaints, says market intelligence firm
