Financial Conduct Authority (FCA)
FCA warns against ‘bogus’ firm operating in the UK
The Financial Conduct Authority has issued a warning to insurers against an unregulated financial services provider targeting UK consumers.
FCA launches guidance on senior managers and certification regime
The Financial Conduct Authority has published proposals on how firms and individuals will move to the senior managers and certification regime.
FCA fines Bluefin £4m for misleading customers
The Financial Conduct Authority has fined Bluefin over £4m for failing to provide information to its customers about Bluefin’s independence in a way that was clear, fair and not misleading.
Insurance firms listed in FCA sandbox
The Financial Conduct Authority has announced 18 firms will join its third regulatory sandbox cohort, including three working in the insurance sector.
Government must solve passporting rights, says FCA CEO
The government must solve the problem of passporting rights to secure the future of the insurance sector after Brexit, the Financial Conduct Authority’s CEO has warned.
Analysis: The impact of FSCS funding proposals on brokers
In 2016 the Financial Conduct Authority released a raft of proposals that examined potential changes to the way the Financial Services Compensation Scheme was funded.
Insurtech accelerator granted FCA approval
An insurance accelerator has been granted approval to launch up to 25 insurtech start-ups within the next five years.
Blog: Rekindling the broking passion and preserving independence
Broker Network CEO Andy Fairchild urges experienced brokers to mentor the younger generation.
FCA broker probe ‘could benefit London insurers’
An official investigation into the wholesale insurance broker market could cut rising costs for London market insurers, Fitch Ratings said.
PRA outlines supervisory framework for ILS
The Prudential Regulation Authority has published final rules setting out how it will authorise and supervise insurance special purpose vehicles, which will be used to issue insurance linked securities in the UK.
FCA launches wholesale broker sector market study
The Financial Conduct Authority has launched a market study “to assess how competition is working” in the wholesale insurance broker sector.
FCA to launch wholesale insurance market study this week
The Financial Conduct Authority is preparing to launch a market study into wholesale insurance this week.
Lack of AR oversight putting customers at risk, FCA warns
Insurance companies may be putting customers at risk by not undertaking sufficient due diligence on their appointed representatives.
Insurers hit out at FSCS consultation
The Association of British Insurers has hit back at proposals from the Financial Conduct Authority that insurers contribute towards costs of intermediary failure under the Financial Services Compensation Scheme
FCA sees 3.32 million financial services complaints in H1
The Financial Conduct Authority received 3.32 million complaints about financial services in the first six months of 2017.
FCA paid £4.9m in production costs on Schwarzenegger PPI advert
Exclusive: The Financial Conduct Authority spent £4.9m in production costs on a TV advert featuring the robotic head of Arnold Schwarzenegger.
M&S Insurance corrects renewal letter to remind customers to shop around
Exclusive: M&S has contacted its general insurance customers to remind them that they can shop around for cheaper insurance, following the introduction of renewal transparency laws.
Police investigating fraud allegation following closure of Ipswich broker
Exclusive: Police are understood to be investigating an allegation of fraud, following broker Ignition Select entering administration.
Government stands by level of broker regulation
The government has stood by the level of regulation levied on non-life insurance brokers in the UK.
Interview: Wrisk co-founder Nigel Barton
Weeks away from launch, Wrisk co-founder Nigel Barton talks to Jonathan Swift about how his business hopes to change the insurance ‘dialogue’, the need for start-ups to forge partnerships with well-known brands, and why it is necessary for the UK to keep…
Analysis: Aviation insurers prove adaptable
Insurers are adapting to aviation's latest trends, despite low premiums.
General insurance complaints jump within the last year
General insurance complaints submitted to the Financial Ombudsman Service have increased over the last year, recent results have shown.
Interview: Humphrey Bowles, Guardhog
Despite his last business venture crashing and burning, Humphrey Bowles, co-founder of Guardhog, has re-entered the insurance market with an insurtech proposition to serve the sharing economy.
Commercial insurers' claims handling failing SMEs
Commercial insurers are failing to give their SME customers a satisfactory claims experience, with 70% saying that their interim and financial claims amounts had not been agreed promptly enough.