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FCA outlines insurance regulation plans

FCA mulls legal powers for USD Libor holdouts

The Financial Conduct Authority has promised to improve access to insurance, scrutinise claims handling, get to grips with artificial intelligence and cyber risks, plus slash red tape over the year ahead.

In a 17-page report, titled Regulatory Priorities: Insurance, Graeme Reynolds, interim director of insurance at the FCA, outlined what general insurers can expect from the watchdog in 2026.

“Our goal

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Fair value rules still fail brokers and consumers alike

Four-and-a-half years after the Financial Conduct Authority’s fair value rules arrived, Branko Bjelobaba, principal of compliance consultancy Branko Ltd, argues inconsistent data and vague metrics still make it difficult for brokers and consumers to compare insurance products properly.

Pride exposes prejudice LGBTQ+ individuals face in insurance

Editor’s View: LGBTQ+ network Link’s latest survey shows many insurance professionals still feel pressure to hide parts of themselves at work, which Emma Ann Hughes argues highlights the need for insurers to move beyond Pride branding and ‘pinkwashing’ to build actually inclusive cultures.

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