Regulation – Page 23
-
NewsFCA confirms significant delays in M&A process
Firms looking to complete acquisitions could face waits of over two months for regulator approval
-
NewsBrokers’ 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’
-
AnalysisBriefing: 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’
-
NewsSheldon 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
-
NewsRegulation 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’
-
NewsFCA 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
-
AnalysisHouse 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 ContentPearson 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 ContentFirms 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
-
NewsAverage cost of motor insurance has fallen 5% – ABI
This means consumers are enjoying the lowest average costs for nearly seven years
-
AnalysisBriefing: LiPs not ‘disadvantaged’ by OIC process despite industry-wide concerns
Law firm argues that OIC portal process is not a ‘disincentive’ because LiPs are ‘clearly able’ to submit and progress claims
-
AnalysisESG concerns look set to grow
’ESG reputation could become as important as product, service and price,’ says Allianz Commercial’s chief underwriting officer
-
NewsDirect Line’s premiums slide by 2.4% during Q1 2022
The group put the hit to GWP down to the FCA’s pricing reform, but trading was ’broadly in line’ with its expectations
-
NewsFCA boosts hiring spree with three new appointments
Two appointees have been promoted internally, with the other joining from Goldman Sachs
-
NewsFCA collecting data on fair value for leaseholders
Leaseholders have warned that a ‘major financial scandal’ is developing over hidden commission fees
-
NewsGovernment seeking to double Solvency II regulatory threshold for industry
This will help smaller firms entering the market
-
NewsNew CRU data confirms continued decline in motor claims
Numbers for motor injury claims are at ‘historic lows’, says ACSO executive
-
AnalysisTinder Swindler case reinforces regulation requirement for flourishing dating metaverse
Although the Online Safety Bill may help combat romance scams, insurers and brokers should think about how they can protect customers from social engineering attacks
-
AnalysisBriefing: Climate change transition planning is likely to be a task and a half
Although the government’s new taskforce is promising ‘gold standard’ guidance for net zero transition planning, small supply chain vendors may be the hiccup for listed firms’ success
-
NewsDraft Online Safety Bill to be scrutinised following second reading
The Bill will be scrutinised in the committee stage and should be presented back to the legislature by 30 June 2022
