Regulation – Page 6
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NewsBiba calls for removal of larger commercial customers from scope of Consumer Duty
’This is an opportunity to achieve change and help improve the burden of regulation on members,’ says chief executive
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NewsBiba calls on government to cut IPT rate in Autumn Budget
’The government has the opportunity to make some specific interventions to help ease the financial burden on customers and help with the issues that we are seeing,’ says chief executive
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News AnalysisBriefing: What can the industry learn from the latest FCA value measures?
Insurance DataLab hazards an estimate at what other lines of business could face the same treatment as Gap insurance from the regulator
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IT InterviewChris Rolland: ‘Doing the right thing’ as a competitive advantage
’That flight to quality that we’ve seen across the insurance industry in the past few years has become more important, especially in travel insurance,’ says chief executive
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News AnalysisBriefing: Affordability debate continues as risk, reinsurance and politics collide
The Labour party already has motor insurance premiums in its sight – but how long until home insurance starts to face the same level of scrutiny?
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News AnalysisBriefing: Are you being served?
The role of the broker should be ‘to absorb complexity and convey simplicity’ – but today’s disconnect between customers and the profession provides a broadening challenge to achieving this aim
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NewsInsurer selects new distribution partner for Gap sales
’Gap is an important product for vehicle owners and we intend to ensure it stays that way,’ says owner
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NewsBuilding insurance complaints soar to record high
’Buildings insurance complaints have been steadily on the rise for some time,’ says director of insurance
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NewsMGA warns of ‘huge’ safety problems for tall buildings after Dagenham blaze
’A large proportion of the affected buildings are yet to be remediated, leaving thousands of people facing these risks every day,’ says underwriting manager
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News AnalysisBriefing: FCA’s thematic review demands greater disclosure from industry
With claims service still flagging, the regulator has put its foot down in its latest report, claiming that the industry’s ‘failings have led to harm’
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NewsFCA probing another insurance market amid commission concerns
’We will act if we find that the market is not working well,’ says executive director
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News AnalysisThe Big Question: Where can the FCA streamline its rulebook in line with Consumer Duty linked review?
Insurance Times asks industry experts about where the FCA can simplify its rules to avoid duplication with Consumer Duty regulation
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NewsGovernment IPT revenues exceed £3bn for first four months of 2024/25 financial year
However, ’a reduction in IPT is unlikely at the Autumn budget,’ says head of insurance consulting
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News AnalysisBriefing: Rampant regulation poses threat to D&O claim volume
Brokers must support company directors to ensure they are not ‘left to their own devices’ around incoming regulation, as implementation uncertainty can cause D&O claims
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News AnalysisRise in litigation funding puts insurers on high alert
Litigation funding has the potential to ‘drive bad claims further than they should go’, warns law firm partner
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NewsRegsearch rebrands AI proposition
The new name ’conveys the role of AI in risk and regulatory compliance tasks, tying directly to the Regsearch brand and enhancing our recognition and authority in the industry,’ says chief executive
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News AnalysisUptick in fraudulent tinnitus claims is ‘an inherent, major issue’ for motor insurers
With tinnitus injuries attracting anything up to £90,000 in claim payouts, squashing fraud in this area is vitally important in protecting both policyholder and insurer purse strings
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NewsFCA to boost headcount in Leeds
’This further expansion is testament to the success of our Leeds office,’ says chief executive
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News AnalysisBriefing: A taxing time for the industry as the government looks to funding conundrum
As the new government looks to raise money, could IPT be a target for increased rates?
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News AnalysisBriefing: Discount rate may be first true indicator of insurers’ relationship with new government
Personal injury discount rate review could be telling for market participants amid Labour’s ambitions to reduce premium costs
