Regulation – Page 2
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News
Spring Budget ‘missed opportunity’ by not including action on IPT – Trudgill
’Biba will continue to champion wider issues on behalf of our members as we move further into this election this year,’ says chief executive
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News Analysis
What does the FCA’s actions on Gap mean for the future?
We’ve heard that the unofficial threshold for that payout rate may be set at 30%, with business lines falling under that level likely to draw increased scrutiny from the FCA, says co-founder
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News
Remaining Gap providers told to pause sales of product by FCA
’We are working closely with Gap insurers to resolve issues as quickly as possible,’ says spokesperson
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News
Catch up on last week’s ABI Conference 2024
Insurance Times rounds up the biggest stories from last week’s insurer conference
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IT Interview
Clarissa Franks: ‘Growth is the mission’ for Lockton UK
The independent broker is focused on strong organic growth and gathering ‘superstar’ talent, says head of UK retail
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News Analysis
Briefing: Tempting the broker leaders of tomorrow
Setting up shop as a broker has its challenges – however, fortune favours the bold and there are plenty of reasons why tomorrow’s leaders should consider our sector
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News Analysis
TechTalk: AI code of conduct is a start – but ‘comprehensive governance structure’ still needed
’While it’s possible to set general principles, how do you translate that into something that’s going to work for every company or use case?’ says head of analytics
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News
FCA to be quicker and more transparent on enforcement cases
’We will amplify the deterrent impact of our work,’ says executive director
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News
Labour Party committed to ‘streamlining the regulatory burden’ for insurance sector
The UK insurance industry ‘can have an even brighter future’ with the correct support, says shadow economic secretary to the treasury
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News
Financial reforms ‘only effective’ if taken advantage of by insurance sector – Secretary to the Treasury
Insurance ’is one of the industries that can make the biggest difference in terms of investment to grow our economy,’ says City minister
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News Analysis
What will 2024’s elections mean for business and insurers?
’You need to understand everything you touch in your supply chain and think about how these different political risks might manifest themselves,’ says head of strategic risk consulting
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News
Allianz’s Holmes responds to FCA’s Gap insurance announcement
’All products should provide value for customers,’ says chief executive
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News
‘Room for improvement’ – FCA reveals brokers’ Consumer Duty performance
’We do not want to see firms waiting to see if we will intervene to address an issue,’ says executive director
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News Analysis
What’s going on with Gap insurance after FCA’s bombshell announcement?
’Gap was probably at the highest of everybody’s list in terms of a product that was ripe for being targeted and corrected,’ says chairman
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News Analysis
Briefing: New angel investing rules could worsen ’existing disparities’ for female insurtech bosses
’The recent changes to the high net worth threshold in the Treasury startup coalition angel investment rules are concerning,’ says chief executive
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News Analysis
Product recall insurance increasingly relevant as threat grows
’Often, the biggest concern for business is the reputational loss,’ says legal director
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News
Gibraltar minister aiming to develop strategic captive partnership with UK
’I am now in the process of securing final approval from within the government to allow me to proceed,’ says minister
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News
Data does not support OIC mixed injury ‘epidemic’ claim – Acso
Insurers are ‘comparing apples and pears,’ says executive director
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News Analysis
Briefing: Is the FCA getting its own house in order?
The regulator’s newly released service metrics demonstrate its commitment to becoming more assertive
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News Analysis
Briefing: What next after Gap?
The FCA’s latest target could be the start of more to come