’I am delighted to be taking up this role at such an important time for our industry and our members,’ says new appointee
The FCA said it would review whether motor and home insurance customers using the product were getting competitive deals
Innovation is key for insurance firms to maintain a competitive advantage, but many firms lack the flexibility that drives it
’Inflation might be easing, but the crippling costs of car insurance are only getting worse,’ says party’s economy spokesperson
‘UK public finances are weak and fiscal policy will start to tighten again from 2026,’ predicts senior economist
It comes after the regulator warned that it could repeat the action it took with the Gap market in other sectors
’We’ll get shovels in the ground, cranes in the sky and build the next generation of Labour new towns,’ says prime minister
After January 2024’s introduction of an industry-wide code of conduct for the use of AI in the claims sector, the actuarial industry is now following suit thanks to a regulatory update
Cultural change is important when it comes to the regulation because ’the duty is not a once-and-done exercise’, says director of competition
’The ability to gain distribution benefits is a major driver for brokers joining networks,’ says director of policy and public affairs
Measures announced by Chancellor Rachel Reeves at the end of October will undoubtedly impact on the insurance sector in a number of ways – but what are the biggest things to watch out for?
’This is an opportunity to achieve change and help improve the burden of regulation on members,’ says chief executive
’The government has the opportunity to make some specific interventions to help ease the financial burden on customers and help with the issues that we are seeing,’ says chief executive
Insurance DataLab hazards an estimate at what other lines of business could face the same treatment as Gap insurance from the regulator
’That flight to quality that we’ve seen across the insurance industry in the past few years has become more important, especially in travel insurance,’ says chief executive
The Labour party already has motor insurance premiums in its sight – but how long until home insurance starts to face the same level of scrutiny?
The role of the broker should be ‘to absorb complexity and convey simplicity’ – but today’s disconnect between customers and the profession provides a broadening challenge to achieving this aim
’Gap is an important product for vehicle owners and we intend to ensure it stays that way,’ says owner
’Buildings insurance complaints have been steadily on the rise for some time,’ says director of insurance
’A large proportion of the affected buildings are yet to be remediated, leaving thousands of people facing these risks every day,’ says underwriting manager