Financial Conduct Authority (FCA)
This week: Ups and downs
It's been a swings and roundabouts kind of week.
Blog: Sexual harassment in the post-Weinstein era
As American film producer Harvey Weinstein's sexual abuse case again makes headlines, the spotlight on diversity and equality is having an impact on many businesses, regardless of size, nature or geographical location writes Jennifer Boldon, partner in…
Hastings looks to suppliers and fraud detection to staunch claims inflation
Hastings is hoping that investment in its anti-fraud capabilities and supplier partnerships secured in the tail-end of last year will mitigate the impact of claims inflation on its bottom line.
FCA to make 'direct contact' with individuals whose data was published online in error
The Financial Conduct Authority has confirmed it will be contacting individuals after their confidential information was published on its website by mistake.
Culture 'ingrained' in FCA’s remit
The Financial Conduct Authority will be keeping a close eye on culture across financial services, a conference heard.
UKGI CEOs want to fix the loyalty penalty: Penny James
General insurance CEOs want to tackle dual pricing and support further regulatory intervention, a conference heard.
London market chief disputes ‘disappointing’ FCA findings
The London Market Group has expressed its disappointment with the Financial Conduct Authority’s latest sector views report and requested a meeting with the regulator to discuss its findings.
Ageas' Ant Middle on why good brokers are like chameleons
Tough trading environments are not unusual but the challenges they present have led me to reflect on what differentiates successful businesses from those that flounder. And a lot can be learned from insurance brokers, writes Ant Middle chief customer…
Aviva's Colm Holmes warns distracted driving is causing claims inflation
Aviva general insurance CEO Colm Holmes has said that claims inflation is far exceeding expectations, pinning the blame on poor driving.
Analysis: Rise of the clones
Insurance clone warnings doubled last year, as fraudsters got creative in their attempts to scam the public. Post investigates the rise of the clones and asks why it is so tough to police these fraudulent firms
‘Business as usual’ for sector during Brexit implementation period
The Financial Conduct Authority confirmed that during the Brexit implementation period European Union law will continue to apply and firms will continue to benefit from passporting between the UK and European Economic Area.
Six insurtech start-ups to watch in 2020
It is now five years since I did my first ever 'Insurtechs to Watch Blog', when in 2016 I included Brolly, Digital Risks, Trov and Wrisk.
Trade Voice: Biba CEO Steve White on the ‘dark art’ of lobbying
The CEO of the British Insurance Brokers’ Association explains how the trade body picks the topics to lobby on and how the organisation seeks to get members’ views heard by decision makers to change the landscape.
Blog: Taking the Michael
After Aviva’s email mix-up, Post looks at five insurance Michaels who might have been none the wiser.
This week: Bagging a bargain
As the January sales draw to an end consumers aren't the only ones with deals on their minds.
Christopher Woolard named interim FCA CEO
HM Treasury has appointed Christopher Woolard as interim CEO of the Financial Conduct Authority, effective mid-March when Andrew Bailey departs.
Q&A: Churchill founder and former chairman and CEO Martin Long
To tie in with his deep dive into the birth of the UK direct insurance market, Jonathan Swift caught up with Direct Line co-founder and Churchill founder and former chairman and CEO Martin Long to talk about the birth and growth of both companies, their…
Biba launches 2020 Manifesto: Access
The British Insurance Brokers’ Association called for more proportionate regulation as it launched its 2020 Manifesto: Access.
Alleged FCA data for sale on online forum
The Financial Conduct Authority has issued a warning after what appears to be data held by the regulator appeared for sale on a website.
Experts tackle ethics of AI in insurance
Big data is not a game played by different rules, delegates at an insurance artificial intelligence ethics conference were today reminded.
Go Compare urges 28 day cooling off period for auto-renewals
Go Compare has called for a doubling of the cooling off period for auto-renewals from 14 to 28 days during which time insurers should take “all reasonable steps” to make customers aware their insurance has been auto-renewed.
BGL's Peter Thompson on digital innovation in insurance
It’s 2020 so paying lip service to protecting vulnerable customers just doesn’t cut it, in any industry says Peter Thompson, CEO for insurance, distribution and outsourcing at BGL Group.
Allclear appoints Cameron Jack as group CFO
Allclear has recruited Cameron Jack as group chief financial officer from retail group TFG London where he spent five years as CFO.
This week in Post: Back to business
With the holiday break over, this week has seen people across the UK – some somewhat sluggishly – get back to business.