Regulation – Page 5
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News AnalysisLatest FCA complaints data reveals drop in motor-related disputes
Motor insurance – the second most complained about product covered by the FCA – saw a drop of 22,000 complaints lodged in the second half of 2024, reversing a trend of increasing complaints
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NewsFreeholders issued legal papers over ‘national scandal’ of secret insurance commissions
’It is even more shocking that our landlords have been milking us for cash by jacking up insurance premiums with hidden commissions,’ says class action participant
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NewsAon to launch UK-based captive management company after government announcement
’The UK is already home to the world’s leading insurance marketplace in London and it’s only natural that it should also be a competing jurisdiction for captives,’ says leader
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NewsNew UK captives framework gets green light
’The government’s view is that a new captive insurance framework will help cement the UK’s position as a leading international jurisdiction for insurance and risk management business,’ says government
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News AnalysisBriefing: Growth may come with risk, as Reeves looks to regulatory reset
If growth comes with its own deregulatory risks, the issue of how much the government is willing to accept becomes paramount
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News AnalysisWhat is stopping the creation of a public backstop for the cyber market?
‘The wider challenge is how do you plan long-term thinking in a short-term political environment?’ says broker cyber practice leader
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NewsBiba calls for ‘pro-market regulation’ ahead of chancellor’s Mansion House speech
With the chancellor’s Mansion House speech scheduled for tomorrow, the trade body has asked for ’strong, proportionate regulation’
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NewsBiba increases investment in members as turnover grows in 2024
‘Financially it is pleasing to see Biba continue to grow, but I am most proud of our increasing engagement with members,’ says chief executive
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News AnalysisChallenges present ‘most exciting times’ in market for brokers – Alastair Swift
’There are opportunities when there is a change, whether that is market hardening or softening,’ says head of specialties
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NewsMGAs drive innovation in the insurance sector – FCA’s Matt Brewis
There has ’been a real growth in the MGA sector compared to general carriers and brokers,’ says FCA’s insurance director
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NewsIUA backs FCA’s ‘proportionate’ plans to simplify conduct rules
‘This latest consultation is another important step towards a more proportionate approach to regulating our sector,’ says senior public policy executive
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NewsLMA releases new clause to strengthen sanctions compliance in (re)insurance
’This clause is a practical and proportionate response to the increasing demands placed on our market by sanctions legislation,’ says legal director
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NewsFCA publishes final non-financial misconduct rules for insurance sector
’Our new rules will help drive consistency across industry and support the vast majority of firms that want to do the right thing to deepen trust in financial services,’ says deputy chief executive
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NewsNo insurance firms included as FCA fines fall to lowest level – Hackford
Regulatory fines figures from H1 2025 would suggest that this year is on track for a record low
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AnalysisRevealed – the best and worst gender pay gaps at UK brokers
Insurance Times reveals the gender pay gaps at the biggest brokers listed within its annual Top 50 Brokers report
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NewsLabour’s Industrial Strategy promotes sector specific plan to create ‘the world’s most innovative, full service financial centre’
A distinct financial services strategy is scheduled to be published in July 2025, following close collaboration between the government and industry
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NewsHigh five: Catch up on the biggest exclusive stories this week
Insurance Times rounds up the biggest exclusive stories from 9 to 13 June 2025
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News AnalysisBriefing: Is the FCA finally getting serious about reducing the compliance burden?
The regulator appears to be listening to broker feedback as it hosts unique webinar to address industry concerns – but will proposed changes actually be implemented and have the desired impact?
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NewsFCA partnership creates ‘Supercharged Sandbox’ to accelerate industry’s AI innovation
’This collaboration will help those that want to test AI ideas, but who lack the capabilities to do so,’ says regulator
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NewsDLG and Markerstudy help expose ghost broker posing as law firm
‘Not only were victims left out of pocket and driving uninsured, but their details were used unknowingly in collisions that never happened,’ says intelligence and investment manager
