Regulation – Page 78
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Agenda
What counts as unfair pricing? FCA reveals all
FCA opens up on process it will use to determine what is unfair pricing
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Features
Figures revealed: Insurers guilty of costly Ogden miscalculation
Based on results for 2018, some of the major motor insurers look to be hit with a multi-million pound blow as the rate remains in the negative
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News
‘Urgent reforms’ needed as construction sector enters insurance crisis
As one building control firm files for liquidation after failing to secure insurance, putting 12,000 building projects at risk, the industry warns urgent changes are needed to make the risk insurable
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News
E-scooter accidents spark debate on making insurance compulsory
E-scooters are illegal to ride on public roads and pavements and insurance is not mandatory
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Online only
Politicians vow to pressure FCA on property commissions
Regulator has remained silent for five years but is coming under renewed pressure
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News
Luxembourg regulator 'not eager' on allowing more UK firms to set up
So far, 12 insurers have set up an office in the country amid Brexit fears
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News
What effect will the Ogden Discount Rate increase have on premiums?
Will the Ogden Rate have a positive or negative effect on premiums, the industry debates both possibilities
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Agenda
Revealed: The hundreds of millions at stake as Gefion deals with multiple blows
As Gefion handles its solvency ratio getting reduced to 86%, Insurance Times analyses its UK market exposure
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Online only
FCA proposes forcing insurers into signposting customers with pre-existing medical conditions
Proposals - which are out for consultation until September - drew criticism from the ABI
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Online only
Briefing: The FCA is asleep at the wheel on unethical property commissions
How will the FCA solve the problem of unethical property commissions? is disclosure the answer?
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Agenda
Lawyers claim victory on Ogden rate change
Personal injury lawyers say the change to -0.25% ensures injured people receive a fair amount of compensation
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News
Will cyber policies cover huge GDPR data breach fines facing BA and Marriott?
It comes two days after British Airways was fined £183m for a separate data privacy breach by the ICO
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Agenda
Danish regulator orders Gefion stop expansion of business as solvency ratio takes further hit
Unrated Gefion must raise capital to restore its solvency ratio and allow it to start expanding again, as regulator inspection finds significant issues in the company’s management system
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News
ABI announces Dye as new chair to replace Blanc
Blanc was forced to step down last week after leaving her role at Zurich
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Online only
Watch out, the FCA is coming for you: Crackdown tactics on GI professionals revealed
FCA annual report reveals the tactics the regulator uses on misbehaving general insurance professionals
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Agenda
Brokers scramble for new premium financing amid Gefion crisis
Premium finance providers cautiously accepting new Gefion policies as brokers seek replacement Premium Credit deals
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Briefing: Gefion in trouble – the unpalatable truth of why brokers use unrated insurers
Unrated insurers keep hitting the headlines, Insurance Times digs deeper into why brokers use them
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Agenda
Bollington reassures brokers of Gefion plan amid Premium Credit axe
Gefion has 45 days to restore its solvency ratio or faces losing Premium Credit as a finance provider on its policies
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News
Insurance industry mulls impact of ‘landmark’ BA data breach fine
What warnings can the insurance industry heed from the ”record” fine levied against BA for its data breach?
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Online only
Brexit blamed for Markerstudy-Co-op deal delay
Markerstudy paid £185m for its underwriting business, CIS General Insurance in February last year