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FCA insists delegated authority review isn’t challenge to MGAs

FCA reception area
Photo: FCA

The Financial Conduct Authority’s work around outsourced and delegated authority work is not to challenge the model, but more to gain an understanding of the way the sector works.

Speaking to delegates at the Managing General Agents’ Association conference in London yesterday (7 July), Andrew Ruddle, head of insurance market analysis and policy at the FCA, said the MGA market

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Minster Law reports 230% uptick in alternative dispute resolution

The motor claims insurance industry should become more proactive with using alternative dispute resolution (ADR) to cut costs and court waiting times, says Minster Law’s chief commercial officer Paul Taylor as the law firm reports a 230% year-on-year increase of ADR cases.

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