Regulation – Page 31
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NewsBrokerFest 2021: Regulation bar will be ‘a lot higher’ for brokers selling to SMEs
Industry experts predict more regulation to be incoming around insurance for SMEs as the regulator wants these firms to be treated ‘like personal lines customers’
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NewsBoom in business protection complaints show customers still feel ‘hard done by’ – Insurance DataLab
Despite the High Court’s ruling to clarify business interruption claims, complaints have increased more than fourfold over the last year
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NewsBrokerFest 2021: Broker networks ‘oversell’ their value - Trident Insurance
Brokers can remain independent from merging with big conglomerates if they remember what they are good at, says broker director
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NewsFCA still concerned over industry understanding of product governance rules
The regulator said that brokers are struggling to identify themselves as manufacturers or distributors, meaning they are uncertain whether updated product governance rules apply to them
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NewsFCA issues warning to insurance firms over hybrid working risks
The regulator will be evaluating firms on a case by case basis
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NewsBrighton Pier Group receives £5m following Covid-linked business interruption claim
The claim relates to losses incurred to the end of June 2021
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AnalysisClarity over ‘excessive’ administration fees vital as FCA tightens rules
Following the FCA warning that firms are struggling to meet its deadline for the implementation of new fair value rules, the debate over broker administration fees and potential double charging has intensified
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NewsGovernment explores underwriting home insurance for flammable cladding risk
Home insurance premiums have soared from £8m to £29m in a year, according to the Association of Residential Managing Agents
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Sponsored ContentIndustry collaboration is the only way to defeat fraud challenges – Carpenters Group
Faye Fishlock, head of defendant services at Carpenters Group, looks at the insurance fraud issues the industry is facing following feedback from the latest Fraud Charter roundtable
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AnalysisInsurers face climate challenges from all sides amid fossil fuel dilemma
As COP26 approaches, insurers’ work to address climate change faces scrutiny while campaigners bid for insurance support to be withdrawn from fossil fuel commercial policyholders
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NewsInsurtech UK inks deal with Gibraltar Finance to strengthen members’ regulatory access
In the UK, there has been a trend for insurtechs applying to Gibraltar for broking licences
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NewsMicromobility and e-scooters fall outside new claims portal criteria
Two law firms relay their concerns about micromobility and e-scooters as the new Highway Code is set to be unleashed
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AnalysisFraud Charter: Interim remediation is ‘vital’ while Online Safety Bill progresses
Carpenters Group moves to exert pressure and open debate between the UK government and the insurance industry around ad spoofing
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AnalysisBriefing: Size is important when it comes to being resilient to the FCA’s GI pricing reform
Webinar panellists emphasise that firms cannot assume how their customers will behave post-reform, with switching still rife even if consumers are offered lower prices
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AnalysisBriefing: FCA value and pricing reform throws up big questions – but there is help
The FCA pricing reform deadline is fast approaching this Friday, but there is help in answering the key questions
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NewsKPMG warns of ‘uneven playing field’ ahead of regulator’s product governance rules
The FCA’s product governance rules come into force on 1 October and some insurance firms are not ready
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NewsLabour backs motion to fight cladding risk scandal as professional indemnity prices soar
Insurers are showing ‘cautious willingness’ to underwrite fire safety risks on defective cladding
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FeaturesIn Focus: What are your concerns regarding the longevity and stability of capacity arrangements for MGAs?
Three industry experts discuss capacity arrangements in the MGA market, outlining innovative future options and current frustrations
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NewsEU plans to save Covid-stricken economy by easing insurance capital rules
The UK has already begun reviewing Solvency II rules after leaving the EU last December
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FeaturesGibraltar: Light touch regulator or rock steady market of the future?
Solvency II requirements have ‘levelled the playing field’ between the Gibraltar and UK insurance markets, according to exclusive insight from Insurance DataLab and Insurance Times
