Regulation – Page 44
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IT InterviewChris Chatterton: Incoming OIC portal is ‘slightly past its sell by date’
Despite describing the motives behind the new portal for whiplash claims as ‘sensible’, handl Group’s chief commercial officer says ‘the vehicle we’ve been given is a bit unfortunate’
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NewsFCA publishes policy statement confirming price walking remedies
Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’
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NewsTemporary trade credit reinsurance scheme to close
Outgoing ABI director general says the scheme is an ‘excellent example’ of how the government and the insurance industry can work together
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FeaturesNew premium finance rules – what does it mean for the industry?
Brokers are going ’to have to change the way they do business’ around premium finance following the FCA’s pricing reforms, says insurance premium finance chief executive
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NewsFour-fifths of FOS complaints in 2021’s Q1 relate to general insurance claims – Insurance DataLab
Claims complaints data is a ‘particularly important indicator’ of performance, says service co-founder
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NewsFOIL weighs in on new regulatory framework for draft Online Safety Bill
Insurers should ’consider the application of the Bill to insured technology companies providing regulated services from outside the UK’
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FeaturesElizabeth Linder: Insurance firms must stay on top of unregulated social media
With more brokers and insurers using social media to widen their customer pool, ex-Facebook’s Elizabeth Linder discusses what firms need to be aware of
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NewsMajority of claimants still set to be represented by law firms or CMCs in new whiplash portal
Chief commercial officer questions ‘whether the hard yards of the last few years are really worth it’ if claimants fail to use the portal as Litigants in Person
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FeaturesMatt Brewis: Brokers have a key role to play in providing clarity and data
FCA director says the regulator is ‘suffering’ and needs ’to have a new approach for how we operate in the future’
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IT InterviewJaime Swindle: Effective trading versus efficiency will be a broker focus this year
As broking networks help their members combat the current climate’s challenges, the Covid-19 pandemic admittedly hasn’t been all bad, resulting in ‘a more forward-thinking industry’ says networks MD
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NewsInsurtech receives EIS relief after public guidance update
Both SEIS and EIS relief can be a lifeline for insurtechs
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NewsGovernment ‘needs to put some rules in place’ for e-scooter use – Weightmans
Privately purchased e-scooters outside of the government’s schemes are unlikely to have insurance – cover requirements must be made clearer said law firm partner
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News‘More work to do’ on business interruption cover as lockdown lifts
Within business interruption cover, its ’strengths have become its weakness’ in terms of flexibility says Allianz director
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NewsFCA plans to enhance consumer protection for retail customers
The regulator aims to ‘put consumers in a stronger position to make good decisions’ thanks to proposed rule extensions
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NewsGovernment needs ‘to do something positive’ to clarify impact of EU Vnuk ruling on UK law
The UK cannot rely on Brexit to eliminate the potential extra premium costs associated with the Vnuk ruling – the government must legislate, says law firm partner
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IT InterviewJohn Glen MP: Strong yet flexible regulation causes a ‘conundrum at the heart’ of the industry
Economic secretary believes the insurance industry will ’play a significant role to lay the foundations of our recovery’ from the Covid-19 pandemic
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NewsBrokers are ‘absolutely crucial in the survival of SME businesses’ through pandemic
Regarding the Covid-linked business interruption claims debate, brokers were in ‘prime position’ to tell ‘the truth of the story’ said broker director
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NewsEmployment claims influx ahead following furlough scheme closure – ARAG
Rates in the employers practices liability insurance market were hardening prior to the pandemic – some non-specialist providers had already withdrawn
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News‘Appropriate’, not heavy, regulation needed for broking sector – Biba
The FSCS’s initial £1.04bn levy figure ‘must have been scribbled on the back of a fag packet’, says the trade association’s non-executive director
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NewsBiba 2021: Day One
An expert panel at Biba’s conference yesterday debated the issues that arose from coronavirus-linked BI claims, and highlighted related upcoming issues
