The Financial Services Authority's (FSA) insurance watchdog, John Tiner, this week sent his proposals for insurance regulation to the Treasury.

Entitled the "Tiner Project", the paper will tackle issues of training, competence and corporate governance in the industry and the basic structure of the new FSA culture.

Speaking last week at the Chartered Insurance Institute's (CII) breakthrough lecture, Tiner said: "I wanted to call it a `project' because the last thing the industry wanted was another review. This project will take real action and I hope restore confidence."