Regulation – Page 54
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NewsIndependent Inquiry criticises Ecclesiastical for ‘incomplete evidence’ in child sexual abuse Church saga
The report makes eight recommendations directed at the Church of Wales and the Church of England of which Ecclesiastical insures, record keeping was highlighted as a significant problem for these religious institutions
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FeaturesBroker Scheme Focus: FCA test case result has ‘amplified’ impact on broker schemes
Insurance Times speaks to experts across the sector to find out how broker schemes will be affected by the recent test case verdict on the interpretation of business interruption policy wordings for Covid-19 claims
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NewsFCA pricing report paves way for ‘exciting and innovative time’ within insurance
Insurers need to start pinpointing their USPs in order to differentiate their services following the FCA’s steer from a heavy price focus to fair value says data insight firm
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News AnalysisPrice comparison websites ‘could be the real loser’ from FCA’s fair pricing report
Insurance Times explores how the regulator’s proposed measures to mitigate price walking could have an adverse effect on the use of price comparison websites
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NewsFCA test case appeal confirmed for Supreme Court
However Ecclesiastical and Zurich have bowed out, while Qatar Insurance Company Europe has been denied the right to intervene
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Online onlyBriefing: Broker profits are seriously threatened by FCA premium finance crackdown
The FCA’s plans to crackdown on premium finance are causing serious concens for brokers
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NewsBennetts-Ardonagh motorcycle insurance merger reversed
The Competition and Markets Authority believes this move could remedy the concerns it had over this deal
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NewsFCA files ‘leapfrog’ appeal application to the Supreme Court for BI test case
Despite believing that the judges’ verdict earlier this month was clear, the regulator has filed its application as a precautionary measure
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News Analysis‘Earth shattering’ - The FCA’s big plans to shake up premium finance
The proposed new rules could dramatically alter the income earned by insurance brokers
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NewsABI launches mental health standards for travel, health and protection insurers
Insurers within these lines of business will need to implement the association’s measures by December 2021
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NewsSolicitors’ PI rate rise on the horizon due to Covid-19
With the pandemic giving rise to a potential rise in claims for solicitors’ professional indemnity insurance, Paul Castellani the Forum of Insurance Lawyers (FOIL) and Kennedys’ partner tells Insurance Times why
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News AnalysisPost-pandemic recession could spell more trouble for solicitors’ professional indemnity insurance
With renewals earmarked for 1 October and a possible economic recession ahead, solicitors’ professional indemnity is back in sharp focus, Insurance Times finds out why
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NewsClear Group buys Brokerbility Holdings
The deal marks the broker’s biggest acquisition to date - it will now manage around £200m in premiums and employ more than 400 staff
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NewsInsurers to suffer dip in short-term profitability due to FCA’s price walking measures
However, credit ratings agency predicts that in the longer term, retention will increase
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News Analysis‘Pandemic Re needs to get up and running’ says Aston Lark boss Peter Blanc
The ‘cancellation culture’ caused by Covid-19 is hitting the economy hard, but the inability for event organisers to obtain to coronavirus cover is still stifling this sector – Blanc believes it’s time for the insurance industry to lean on the government for a solution
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NewsNDML and NTIA urge Hiscox to pay interim BI claims
The broker and trade body encourage insurance firm to take ‘the ethical approach’ and pay 50% of policyholders’ claims now
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IT InterviewConsumer Intelligence warns premium hikes could follow FCA pricing report
Consumer Intelligence has warned that premium hikes could follow the proposals that were laid out in the FCA’s pricing practices report which was published yesterday
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NewsInsurtech sector backs FCA’s ‘price walking’ ban as move towards restoring trust
The insurtech sector has welcomed the FCA’s proposals on banning ’price walking’ and sees it as a move towards restoring trust in the insurance industry
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NewsFSCS urges customers to ask key questions before switching insurers
With the ongoing pandemic and the FCA’s pricing practices report in mind, FSCS wants customers to be ‘confident and in control’
