Financial Conduct Authority (FCA)
FCA publishes first complaints figures since rule change
The Financial Conduct Authority has published its first set of complaints data since new rules came into force in June last year.
Brokers: The unbearable weight of regulation
Brokers are becoming increasingly frustrated with the Financial Conduct Authority, citing rising compliance costs and an overbearing regulatory regime as hurdles to growth and innovation
This week in Post: Snap decisions, Can-can and costs
In a snap decision just after Christmas I agreed it would be fun to attend a Moulin Rouge secret cinema perfomance, with little thought to the effort this would involve or the costume I'm currently having to source.
FCA aviation probe to centre on sharing of sensitive data
A misconduct probe into the aviation broking sector will centre on whether firms have been sharing competitively sensitive information.
FCA to investigate suspected misconduct in aviation broker sector
The Financial Conduct Authority is investigating at least four aviation insurance brokers over suspected misconduct.
C Suite: A Plan's Carl Shuker on advised and non-advised sales
The internet is, of course, most of the time, a force for good, but is it driving down the quality of what we as an industry offer our clients? Carl Shuker, CEO of A-Plan Insurance, investigates.
Identity fraud: Trading faces
With almost 173,000 reported cases last year, identity fraud is an ever-increasing problem. Insurers are taking a proactive approach to fight this pernicious problem
FCA increases budget to tackle Brexit costs
The Financial Conduct Authority has increased its operating budget as a result of Brexit demands.
FCA to launch probe into use of Big Data in retail pricing
The Financial Conduct Authority will carry out a review this year on how Big Data affects pricing in retail insurance.
Brokers slapped with £10m increase to FSCS levy
Brokers will face an extra £10m levy over last year as a result of an expected spike in the number of payment protection insurance claims.
Blog: Don't be phased by the IDD
Insurance companies and intermediaries responsible for selling insurance and reinsurance products should not be phased by the prospect of tightening rules to guard against mis-selling, following the publication of the first of two consultation papers…
Enterprise Act: Paying the price for paying late
With the Enterprise Act coming into force on 4 May, policyholders will now be able to claim damages for late payment of claims. Are insurers ready?
Roundtable: Tackling the start-ups
As traditional insurers partner with start-up tech companies, the landscape of insurance is changing. Start-ups pose less as threats hellbent on disrupting the industry and more as an opportunity waiting to happen. Post, in association with Mendix,…
Insurers to be hit with transparency rules from this weekend
Insurers will be forced from this weekend to conform to tough transparency rules over policy renewals.
Blog: The future of CMCs
Listening to the entirety of the Second Reading debate on the Prisons and Courts Bill last week, I was reminded once again of the pitfalls of short-sighted and ill-thought-out policy changes in the claims sector.
Eight out of 10 financial services firms to increase cyber security spending
Eight out of 10 financial services firms expect to invest in preventative technology and IT systems over the next year.
Fake emails circulating in FCA's name, watchdog warns
The Financial Conduct Authority has warned against a fake email being sent out under its name.
Blog: Diary of an insurtech start-up
What happens behind the doors of insurtech start-ups? James Stuart Clarke of Digital Fineprint explains how free coffee and coconut water are used to attract talent, but won't necessarily solve the culture clash between salespeople and developers.
FCA met government to discuss post-Brexit regulatory framework
The Financial Conduct Authority has met with the government to discuss a post-Brexit regulatory framework.
Blog: Whiplash reforms were supposed to be about fraud
There is something rather strange happening in the debate around the whiplash reforms. For all the sound and fury across the entrenched battle lines with which we are all familiar, there does appear to be a consensus forming across the divide.
Blog: Insurers could regret whiplash reforms
In the end, the whiplash reform moved remarkably quickly. After 12 months of deliberating, we only had six weeks of consultation, followed by seven weeks of considering what to do. The tangible result was the compiling of seven hurriedly drafted clauses…
UK regulators must actively support market on Brexit: Aubert
The UK's regulators need to actively promote London as a key insurance market, the chairman of the London Market Group has said.
Blog: Demonstrating value for money
I was intrigued to read the introductory comments made in the Financial Conduct Authority publication in late January about the results of its pilot study into general insurance value measures for a subset of general insurance products.
LMG seeks new EU cross-border deal for market
The London Market Group has called for a new trade deal between the UK and the European Union that will allow insurers to operate across borders.