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- Briefing: Hard times for DLG, Admiral and Sabre – what are the shareholder challenges?
- Axa’s UK and Ireland P&C revenue grows by 3% in H1 2022
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- Regulation and inflation ramp up van insurance costs by 13.6% in H1 2022 – Consumer Intelligence
- NuVenture International launches product recall MGA
- Axa XL records 6% dip in H1 2022 revenue after cutting natural catastrophe reinsurance exposure
- Aviva purchases specialist MGA’s HNW personal lines business
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Tribunal reverses £17.9m Compare the Market anti-competition fine
Tribunal panel rules that prior Competition and Markets Authority decision was based on ‘no reliable evidence’
Simon McGinn: Clarifying ‘challenging’ BI wordings could lead to ‘narrowing the cover’
Insurers must help brokers carve out more time to have ‘critical’ client conversations around what policies do and do not cover, says commercial lines chief executive
FCA confirms new rules on oversight of appointed representatives
The imposition of the new requirements highlights a ‘structural weakness in the present regime’, says financial services partner
Biba welcomes consumer duty implementation extension
The trade body has also questioned a ‘lack of prescription’ within the new rules and invited firms to make use of its template fair value assessment solution
Admiral and Direct Line face double-whammy margin hit in 2022 – Bloomberg Intelligence
Regulation implementation and inflation pushing up claims’ costs are among the causes
Proposed Leasehold Reform bill a ‘red flag’ for industry over property insurance commission disclosures
‘Millions of people’ could be insured ‘for a lot less’, says financial compliance firm principal
Personal injury motor claims continue to decline, says government’s CRU data
Nearly a quarter of a million claims have ‘disappeared’, according to executive director
FCA publishes final rules for Consumer Duty regulation
The regulator has extended its implementation timeline for its ‘step change’ Consumer Duty principle by three months, but company boards must agree their implementation strategies by October 2022
Briefing: FCA must focus next on customers’ expectation gap following dual pricing ban
Consumer group managing director calls expectation gap the ‘number one problem in insurance’, over and above ‘sideshow’ price walking that the FCA has been focused on
ACSO calls for mandatory insurance of e-scooters
The association has laid out a 10-step plan for the effective and safe legalisation of the micromobility vehicles in the UK
Reported general insurance conduct rule breaches are ‘on the low side’ – Sicsic Advisory
Many Lloyd’s and London market brokers have failed to return required annual rule breach reports
UK government publishes Financial Services and Markets Bill
The tabled bill represents ‘the beginning of the development of a new UK regulatory regime’, paves the way for Solvency II reform and furnishes the FCA with new regulatory powers