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Regulation

london (6)

LMG identifies six metrics designed to secure London market’s global competitiveness

2022-05-26T15:18:00+01:00By Katie Scott

The trade body outlines ‘six priority initiatives’ through which the insurance industry’s ‘competitiveness agenda can start to be established and measured’

flats cladding 2

Gove welcomes FCA findings on buildings insurance market

2022-05-23T08:35:00+01:00By Yiannis Kotoulas

The secretary of state is also ‘keen to review’ the insurance industry’s role in contributing to ‘high premiums’ for leaseholders

silver bank vault

Brokers are ‘safe haven’ for M&A capital

2022-05-20T11:54:00+01:00By Katie Scott

Amid record amounts of M&A, independent brokers can showcase their status to build customers, while consolidation potentially makes room for broking startups – if they can pass regulatory muster

GettyImages-614312808

Top Premier League clubs to pursue BI claim against major insurers

2022-05-18T17:54:00+01:00By Yiannis Kotoulas

A ruling in this case could represent a ‘new test case’ for business interruption claims

stopwatch

FCA confirms significant delays in M&A process

2022-05-16T14:31:00+01:00By Yiannis Kotoulas

Firms looking to complete acquisitions could face waits of over two months for regulator approval

price, value

Brokers’ commission must be ‘reflective of the value’ provided to customers, says FCA

2022-05-13T10:15:00+01:00By Katie Scott

The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’

cash

Briefing: FCA backs Biba on FSCS levy reductions, but admits change ‘will take some time’

2022-05-13T08:41:00+01:00By Katie Scott

Despite some alignment in thinking, Biba’s chair still believes the regulator needs to take ‘a long, hard look at its own responsibilities and approach to our low risk sector’

shoes

Sheldon Mills: FCA does not have ‘one-size-fits-all approach to regulation’

2022-05-13T07:39:00+01:00By Katie Scott

Achieving balance between the regulator’s 4,500 staff and the 55,000 firms its regulates is a challenge, notes the executive director

black elephant

Regulation in the ‘age of acceleration’ represents a ‘black elephant’ for the sector

2022-05-12T14:34:00+01:00By Yiannis Kotoulas

Quick-fire technology developments mean the government is at risk of ’regulating the previous innovation, rather than the next’

GettyImages-160051707

FCA considering ‘rules to limit commission’ for multioccupancy buildings insurance

2022-05-11T08:20:00+01:00By Yiannis Kotoulas

The regulator is collecting data from the insurance industry to help inform ‘potential interventions’, says executive director for consumers and competition

London (5)

House of Lords advocates more proportional regulation for London market

2022-05-10T08:21:00+01:00By Trevor Hemsley

Inquiry calls for ‘broader reassessment of regulatory culture’ as current London market oversight is described as ‘inflexible’ and ‘unnecessarily complex’ by committee chair

car insurance price

Average cost of motor insurance has fallen 5% – ABI

2022-05-05T15:17:00+01:00By Yiannis Kotoulas

This means consumers are enjoying the lowest average costs for nearly seven years

All Regulation

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