Regulation – Page 6
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News
Online Safety Bill ‘imperative’ to protecting consumers from fraud – Aviva
’Online fraud has drastically undermined consumer trust in financial services,’ says head of claims counter fraud
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News Analysis
Briefing: Is the commission model of remuneration under threat?
The insurance industry finds itself in a defining moment, says Stuart Reid
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News Analysis
Briefing: FCA comes out swinging for insurance outliers
The regulator has placed Gap insurance firmly in its crosshairs – but that is no let off for the wider sector
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News
FCA to clamp down on ‘outliers’ in cyber insurance market
’We are concerned that uncertain cyber policy wordings may result in firms not meeting their customers’ needs,’ says regulator
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News
Online Safety Bill is now set to become law – this is how it will tackle online fraud
Ofcom will be largely responsible for enforcing the bill
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News Analysis
Briefing: Could R&D tax credit error and fraud be the next PPI scandal?
R&D tax relief is supposed to help insurtechs, startup brokers and SMEs claw back costs invested in innovation, but this initiative has been ’abused’ to some extent
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News Analysis
Opinion: With great power, comes great responsibility
The insurance sector must accept a responsibility to stay out of political decisions, argues Yiannis Kotoulas
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News Analysis
Could the debanking scandal cross over into insurance?
The FCA said that it ’would not consider it appropriate to cancel a policy purely on the basis of a policyholder’s views’
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News
Biba calls for ‘no further increases’ to IPT rate as record revenues reached
The trade body has also called for ’an exemption on premiums for impaired high rise, multi-occupancy buildings’ awaiting remediation, says head of GI
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News
DXC Technology and Lloyd’s managing agency ink partnership
The partnership places the Lloyd’s managing agency in ’the best position possible to adopt and integrate modern technology,’ says chief executive
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News
Direct Line Group agrees to business review after overcharging customers in FCA first
’DLG will carry out a review to identify all instances where a customer has been overcharged,’ says FCA
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News Analysis
Insurance firms ‘pivot’ towards front-facing and operational technology
’As firms strategise for 2023 and beyond, the integration of technology and the addressing of skill gaps will likely be at the forefront of their agendas,’ says chief executive
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News Analysis
In Focus: How are motor insurers addressing popularity of electric vehicles?
Insurance Times asks industry experts if motor insurers are adapting their business strategies
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News Analysis
Briefing: Financial lines brokers must watch out for increased scrutiny of ‘finfluencers’
Brokers’ experience of compliance with Consumer Duty makes them well-placed to advise financial clients on the risks of not complying with upcoming regulations
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News
Insurers have ‘responsibility’ to boost brokers’ cyber cover knowledge
’Cyber is still relatively new for any broker,’ says general manager
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News Analysis
AI can ‘turbocharge’ the UK insurance sector – NTT Data
’AI provides the ability to personalise the insurance jargon and output in a way that the recipient of communications will understand,’ says industry development lead
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News
Trudgill issues FCA plea as Consumer Duty regulation comes into force
Chief executive says this is ’one of the most significant pieces of regulation there has been’
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News
‘A watershed moment’ – Reaction as Consumer Duty comes into force
’Firms will now have a laser focus on looking at everything through the lens of the customer,’ says chief client officer
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News Analysis
It’s deadline day for the new Consumer Duty – but is the industry ready?
Preparing for the new regulation has been a ‘huge piece of work’, says chief executive
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News
Consumer Duty still causing ‘headaches’ as regulation comes into force
However, head of consumer strategy says there can be ’really good benefits’ in the long-term