Financial Conduct Authority (FCA)
Lloyd’s managing agent authorisation process to be streamlined
The Prudential Regulation Authority, Financial Conduct Authority, and Lloyd’s have agreed to streamline the process of regulatory approval for Lloyd’s managing agents.
FCA’s Brewis reacts to CPD backlash
The Financial Conduct Authority’s director of insurance Matt Brewis has responded to criticism of the regulator’s proposal to ditch the requirement for 15 hours of continuous professional development a year.
FCA’s plan to scrap 15-hour CPD faces backlash
Four out of five insurance professionals believe the Financial Conduct Authority’s plan to scrap its 15-hour minimum annual continuous professional development requirement would harm the profession’s reputation, according to a Chartered Insurance…
FCA clarifies stance on non-financial misconduct rules
The Financial Conduct Authority has confirmed that bullying, harassment and violence against colleagues qualifies a breach of the regulator’s conduct rules for insurers.
A step toward smarter, proportionate insurance rules
Trade Voice: Michael Keating, CEO of the Managing General Agents’ Association, feels the regulator's plan to simplify insurance rules will ease the burden of red tape for the trade body's members.
FCA and PRA greenlight Aviva’s Direct Line takeover
The Financial Conduct Authority and the Prudential Regulation Authority have both given the go ahead for Aviva’s £3.7bn acquisition of Direct Line Group.
FCA promotes Pritchard to deputy CEO role
Sarah Pritchard has been appointed deputy chief executive of the Financial Conduct Authority.
ABI’s Otudeko on weeding out excessive regulation
Trade Voice: David Otudeko, the Association of British Insurer’s director of regulation, argues regulators need to recalibrate in order to support innovation and growth.
FCA to help insurers with AI experimentation
The Financial Conduct Authority has launched a "Supercharged Sandbox" to help insurers experiment safely with artificial intelligence.
FCA clarifies approach to naming and shaming insurers
The Financial Conduct Authority today (3 June) finalised revisions to its Enforcement Guide and investigation publicity policy, clarifying when it will name and shame insurers.
FCA CEO responds to Which? petition to ‘end the insurance rip-off’
The Financial Conduct Authority’s CEO Nikhil Rathi has responded to Which? CEO Anabel Hoult after the consumer group delivered a petition calling on the regulator to get a stronger grip on a market that isn’t working as intended.
Premium finance vital to one in four customers
More than one in four insurance customers would cut cover or switch to cheaper policies if they couldn't utilise premium finance, research from Premium Credit has revealed.
FCA clarifies ‘double-edged’ value review rules
The Financial Conduct Authority has clarified its approach to the value review reforms proposed in its insurance rule simplification consultation paper.
FCA defends decision to ditch insurance CPD
The Financial Conduct Authority has responded to concerns that if it pushes ahead with the proposal to ditch the requirement for 15 hours of continuous professional development a year there could be an uptick in the number of insurance employees lacking…
FCA hopes firms will gain confidence with fewer rules
The Financial Conduct Authority has said how it hopes firms build confidence in their knowledge of customer service and outcomes, as opposed to a “tickbox” exercise again.
FCA handed 170,000-strong petition to fix insurance failings
Rocio Concha, director of policy and advocacy at Which?, explains why she went to the Financial Conduct Authority’s offices today and handed in a petition, signed by more than 170,000 people, calling on the regulator to get a stronger grip of a market…
FCA strips back insurance rulebook
The Financial Conduct Authority has kicked off the British Insurance Brokers’ Association’s 2025 conference by outlining plans to ditch what it deems “outdated and duplicated requirements” from its insurance rulebook.
Insurance industry’s most powerful players revealed
Making multi-billion-pound takeover bids for rivals and challenging political posturing is what it took to secure the top spots on Insurance Post’s 2025 Power List.
FCA remains a work in progress
Trade Voice: Chris Croft, CEO of the London and International Insurance Brokers’ Association, says that while the regulator has made strides towards its new objectives, further cultural change is needed.
Matt Brewis, FCA
The Financial Conduct Authority’s director of insurance, Matt Brewis, has the power to move the market but he hasn't shaken up the rules much – for better or worse – in the last 12 months.
Clear rebrands MGA arm; Sapiens acquires AdvantageGo; Markel’s head of tech
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Why a thriving independent broker market is more important than ever
View from the Top: John Read, managing director of WTW Networks, calls on broker networks, insurers and the Financial Conduct Authority to play their part in reinvigorating the dwindling independent broker marketplace.
CII won’t budge on CPD requirements for insurers
The Chartered Insurance Institute has insisted it won’t alter its continuous professional development requirements for members, even if the Financial Conduct Authority axes its training demands.
How Trump’s tariffs could make motor insurers great again
Editor’s View: US President Donald Trump’s tariffs could prove a fresh road to hell for motor insurers unless they show they’ve learnt lessons from the last few bruising years of claims inflation, according to Emma Ann Hughes.