The Financial Conduct Authority has ordered a direct mail order business with permission to sell general insurance products to pay £12.5m redress to approximately 330,000 customers.
Hong Kong's Insurance Authority has told Insurance Post that a new regulatory regime for insurance brokers could take until the second quarter of 2019 to implement.
The British Insurance Brokers’ Association has called on the Financial Conduct Authority to address the cost of regulation on small brokerages.
The Financial Conduct Authority has plans to review its 'six foot tall' handbook.
Register for free for an upcoming webinar on Culture, Talent and Values in Hong Kong insurance.
The Financial Conduct Authority will not be lowering the threshold requirements for new brokers wishing to enter the market.
Brokers have called for a 'champion of brokers' to take up the role of head of insurance at the Financial Conduct Authority.
Brokers could be held responsible for data loss if SSP is unable to recover its document archives.
Brexit, the cost of regulation, increased spending on flood defences and uninsured drivers will be the hot topics that the insurance industry wants addressed ahead of this year's political party conferences.
The Financial Conduct Authority wants to reach up to 3,000 firms in the next 12 months through its live and local regional programme, which runs until March next year.
Brokers David Michael Sayer and Lester Evans have lost their Part 4A permission to undertake regulated activities under the Financial Conduct Authority after failing to pay overdue balances.
Since joining Post at the end of February, I have come to appreciate just how important insurance is to business. They both go hand in hand. Without insurance, business simply could not operate. Insurance is the grease to the wheels of the commercial...
Insurers have welcomed the launch of the Senior Insurance Managers Regime, however, there remains uncertainty as to what extent top ranking employees will be impacted.
Aon's clients alone have already suffered losses in excess of $1bn (£700m) from last year's Tianjin port disaster in China.
Post and the Chartered Insurance Institute will launch a 'Raising Standards' webinar series in Hong Kong next year.
The Insolvency Service has banned broker David Stuart Picton from acting as a director for 11 years for mis-selling insurance policies.
A senior Malaysia broker gives his verdict on Malaysia's increasing insurance liberalisation which will include the removal of tariffs.
The Financial Conduct Authority wants feedback on how much protection it offers to SMEs when complaints arise from dealings with financial service providers.
Premium finance provider Bexhill has launched the market's first broker-funded direct premium finance facility.
Clearer guidance on succession planning for boards is needed across the insurance industry, with analysts and industry players agreeing the Financial Reporting Council’s discussion paper on the issue is a timely step.
The Financial Conduct Authority has banned AAA Insurance from carrying out regulatory services work.
There seem to be mixed views from the industry around the viability of the Financial Conduct Authority's review of add-ons - in particular its focus on claims ratios as a measure of value.
An updated version of the European Union's Markets in Financial Instruments Directive - known throughout the capital markets industry as MiFID II - won't go into effect until 2017, but tensions surrounding the regulations are already high.
Arthur J Gallagher is confident a skilled person review by the Financial Conduct Authority will not have a “material adverse effect” on the firm’s results of operations.