Regulation – Page 29
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AnalysisBriefing: UK needs system that ‘fully incentivises’ ADR
MP and chairman of the Justice Select Committee believes mediation is the future of civil litigation, so the UK must invest in a system that ‘incentivises’ alternative dispute resolution if it wishes to be ‘economic’
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NewsSecond batch of Official Injury Claim portal data confirms early trends
The MoJ has released its second lot of quarterly data, which hints that ’some claimants are unable or reluctant to pursue their claims through the OIC’ portal
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AnalysisBriefing: Has Solvency II impacted Gibraltar’s attractiveness?
Solvency II has changed Gibraltar. Can it continue to attract insurance firms?
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NewsInsurance industry backs FCA’s Consumer Duty as 'a new frontier' for customer protection
The FCA believes that ’firms are not consistently and sufficiently prioritising good consumer outcomes’, therefore its Consumer Duty will mark ’a new frontier’ in its supervision approach
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AnalysisGibraltar presents rock solid case for insurtechs
Insurtech startups appear to prefer to set up shop from Gibraltar than the UK – Insurance Times takes a closer look at this trend, dissecting the pros and cons
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NewsClose Brothers Premium Finance reveals FCA pricing reform guide for brokers
The premium finance provider will be holding a webinar for brokers on 7 December to discuss the regulator’s pricing reform
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IT InterviewMatt Munro: Taking IGO4 to the next level
Insurance Times gets the low down on the broker boss and finds out more about the future plans for his firm, IGO4
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NewsFCA launches consultation to crack down on appointed representative model
Amid fears of mis-selling, the regulator reveals that ‘the level of harm we are currently seeing is too high’
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NewsUK non-life company market set to deteriorate in 2022 – Fitch Ratings
The credit rating agency believes high claims inflation, an uptick in claims frequency and the FCA’s pricing reform will impact insurers’ profitability next year
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AnalysisBriefing: Whiplash reform is not over yet, but will part two still be fit for purpose?
The insurance industry could see details around part two of the Civil Liability Act publicised early next year, but will these long-prepared changes suit the post-pandemic landscape?
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NewsThe Wolseley restaurant owner still in Covid-related BI dispute against insurer
The case will be heard in the High Court on 24 January 2022
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AnalysisIn Focus: E-scooter ‘grey area’ creates fraud potential
Claims figures for e-scooter collisions are trickling in, but the grey area surrounding the categorisation of this vehicle could open the gates to potential fraud
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NewsA fifth of UK SMEs say trust in insurers bolstered due to Covid-linked BI test case
However, ongoing BI disputes show the ramifications of the pandemic are not over yet, which could work to damage insurers’ reputation, says data and analytics firm
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NewsABI calls on government to create ‘robust regulations’ for e-scooters
Private e-scooters are often not insured for use on public roads and pavements, which is why the trade association is warning people to ‘think twice’ before giving them as presents for Christmas
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AnalysisCourt of Appeal ruling is ‘nail in the coffin’ for undisclosed broker commissions
Premium finance provider has called for full transparency and disclosure around commissions
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NewsCMA halts investigation into Gallagher’s purchase of WTW’s treaty reinsurance broking business
Competition authority gives the planned acquisition the go ahead
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NewsLV=GI and think tank make policy proposals to end property development on high risk floodplains
The insurer’s claims director says the firm’s latest research highlights a ’concerning amount of current and future development in high flood risk areas’
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AnalysisCredit hire companies ‘on notice’ that they are in the crosshairs for defendants’ costs
After a road traffic accident-based case heard by Leicester County Court hit headlines this year, law firm partner emphasises that legal ‘rule change is a gift to insurers wanting to fight fraud claims’
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AnalysisBriefing: Brokers call for clearer communications from ‘faceless’ FCA
Feedback from Insurance Times’ Broker CEO Forum shows a disconnect between the regulator and the broking sector, with many believing communications from the FCA around its pricing reform fall short
