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Management of environmental risk exposures hampered says Ace

The effective management of environmental risks is being hampered by a lack of certainty about the impact of environmental liabilities and slow progress on international regulatory harmonisation.

This is according to the latest research among senior risk managers by the Economist Intelligence Unit, co-sponsored by insurer Ace. The survey of 320 senior global executives revealed that

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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