Regulation
News Analysis
Insurance sector reacts as government weighs up mandatory testing for over 70s motorists
’We, as an insurer, welcome any measures that give us and our older customers assurance that they meet the required standards required to hold a driving license,’ says chief underwriting officer
News
Insurance sector urges detail on liability in self-driving vehicle rollout
‘Until detailed legislation is in place, it is not possible for us to fully consider how insurance for self-driving vehicles will work in practice,’ says managing director
News Analysis
Is it the end of the road for motor referral fees?
The FCA has raised concerns that referral fees in the motor market can drive up the lifecycle and cost of claims – however, market participants are tight-lipped about next steps for this model
News
MGA launches motorhome Gap product with Financial and Legal
’We urge brokers to start selling this product again – which offers valuable protection that their clients have been missing,’ says business development manager
News
Market reacts to motor finance commission ruling as FCA confirms redress scheme consultation
‘This ruling could have implications for the insurance industry,’ says financial services partner
News
MGA sector entering ‘two speed market’ as innovation and maturity diverge – SiriusPoint’s Alex Hardy
As established MGAs scale up and sector startups seek to drive innovation, long-term partnerships must withstand shifting market cycles, changes and movements, says head of delegated and distribution
News
Regulated firms report FCA and PRA performance improvement – LMG
‘The service delivered by both regulators has taken a significant step forward over the past year,’ says trade body chief executive
News
Briefing: Are premium finance providers allowed to profit?
There is a cost to providing customers with access to capital – so what’s all the fuss about?
News
MNK Group appoints new group executive managing director for risk and regulation
’I look forward to embedding governance and robust risk management as a strategic asset and helping the group scale with resilience, integrity and purpose,’ says appointee
News Analysis
Pet and travel insurance complaints rise amid regulatory scrutiny
In particular, claims journeys appear to be causing customer dissatisfaction, says market intelligence firm
News
High Court backs Bath Racecourse in landmark Covid BI ruling
‘Businesses with multiple premises may have separate limits and sublimits of indemnity,’ says law firm partner
News
IUA calls for strong regulatory framework for automated aviation
’A clear and enforceable regulatory regime will help mitigate risks and support the development of insurance products,’ says director of underwriting
News
FCA issues ‘double dipping’ warning to insurance firms amid premium finance probe
’If we see evidence of firms not having an objective and reasonable basis for taking such an approach, we will consider our supervisory approach on a firm by firm basis,’ says regulator
News Analysis
Latest FCA complaints data reveals drop in motor-related disputes
Motor insurance – the second most complained about product covered by the FCA – saw a drop of 22,000 complaints lodged in the second half of 2024, reversing a trend of increasing complaints
News
Freeholders issued legal papers over ‘national scandal’ of secret insurance commissions
’It is even more shocking that our landlords have been milking us for cash by jacking up insurance premiums with hidden commissions,’ says class action participant
News
Aon to launch UK-based captive management company after government announcement
’The UK is already home to the world’s leading insurance marketplace in London and it’s only natural that it should also be a competing jurisdiction for captives,’ says leader
News
New UK captives framework gets green light
’The government’s view is that a new captive insurance framework will help cement the UK’s position as a leading international jurisdiction for insurance and risk management business,’ says government
News Analysis
Briefing: Growth may come with risk, as Reeves looks to regulatory reset
If growth comes with its own deregulatory risks, the issue of how much the government is willing to accept becomes paramount
News Analysis
What is stopping the creation of a public backstop for the cyber market?
‘The wider challenge is how do you plan long-term thinking in a short-term political environment?’ says broker cyber practice leader
News
Biba calls for ‘pro-market regulation’ ahead of chancellor’s Mansion House speech
With the chancellor’s Mansion House speech scheduled for tomorrow, the trade body has asked for ’strong, proportionate regulation’
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at The Echo Building, 18 Albert Road, Bournemouth,
England, BH1 1BZ - a Gannett company
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