Regulation – Page 34
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NewsCocktail bar chain leads formation of BI action group against RSA and QIC Europe
UK restaurant and bar group’s ‘substantial’ claim highlights how hospitality businesses are having ‘to fight tooth and nail to obtain an indemnity’, says company director
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NewsBrokers must be at the forefront of the fight against climate change – LIIBA
‘Fundamental change in culture at the FCA’ will also be vital to improve the competitiveness of the UK insurance market, says chief executive
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NewsProperty law regulator launches consultation on changes to professional indemnity insurance
The consultation will close on 25 February 2022
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NewsNew Scottish fire safety legislation could invalidate home insurance policies
The new legislation is set to come into force on 1 February 2022 in Scotland requires interlinked smoke alarms to be fitted by this date
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NewsInternational Underwriting Association reveals 2022 business plan
The IUA argues that any new ’Consumer Duty’ introduced for UK insurers must be ’appropriate and proportional for the wholesale commercial market’
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AnalysisBriefing: One year since Supreme Court’s BI judgment, yet outstanding questions remain
Law firm reveals litigation around BI claims is still on the table for this year, especially as the FOS appears to be siding with insurers in the majority of BI-linked cases since last January
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NewsCustomer retention tops insurers’ concerns following FCA pricing changes – Trustly
Three-quarters of businesses have admitted to planning premium increases to balance policy figures following the last deadline of the FCA’s pricing reform
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NewsFCA shuts down Tifgroup’s claims handling and insurance distribution services for previous partners
The regulator specifies that ‘Tif must not carry on any insurance distribution activities in relation to any new policies for any customer resident in the UK’ with regards to the firm’s past insurer partnerships
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NewsFCA pricing rules cause wind of change for car insurance premiums – Consumer Intelligence
Different pricing strategies at play will bode for an ‘interesting few months’ for the UK motor insurance market, says pricing expert
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AnalysisBriefing: Five big issues facing insurance firms in 2022
It’s not just the FCA’s pricing and product reform that will be on the mind of the industry in 2022
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AnalysisBriefing: OIC portal intention unfulfilled as LiPs still fail to engage with platform
Claims experts confirm that Official Injury Claim portal is not being used as intended, with representation levels high as new process is live tested on claimants
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News‘Stability’ in the immediate aftermath of FCA’s pricing reform ‘is likely to be short-lived’ – WTW
Broker’s head of UK personal lines pricing believes pricing ‘turbulence’ is set to ‘manifest over the next three months’
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NewsMotor insurance prices hiked following new FCA regulatory reforms
Prices have jumped by more than £100 in the first days of 2022
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Sponsored ContentPearson Ham: How is the market likely to change following the FCA reforms?
Since the first round of new regulations aimed at ending price walking came into force at the end of September, insurers have been implementing price changes and new strategies in line with the FCA’s requirements. Stephen Kennedy of Pearson Ham considers what further changes may lie in store for the ...
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NewsBackchat December 2021
Insurance as a ’silent hero’ in Christmas movies, Christmas tree woes and a lot of birds - what has the insurance industry been up to of late? You heard it here first…
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Sponsored ContentThe changing face of regulation and premium finance – Premium Credit
Jon Howells, chief commercial officer of insurance premium finance at Premium Credit, discusses how regulation will impact the implementation of premium finance in the FCA’s fair value focused era
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AnalysisBriefing: Civil justice system is ‘taken for granted’, yet digital reform could be incoming
The chairman of the Justice Select Committee believes digitisation and a focus on single access portals could be the next focus for the civil justice system
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AnalysisRenewal rules require brokers to re-examine proposition and go ‘back to the future’
The motor market is ‘a perfect storm’ ahead of the FCA’s pricing rules coming into effect – brokers will need to focus on ‘agility’ and ‘be service-related’ if they are to succeed post-January
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NewsInsurers set for ‘bumpy ride’ as GI premiums set to slow in 2022 - EY
Car manufacturers have faced supply chain bottlenecks, which has impacted insurance
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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’
