Financial Conduct Authority (FCA)
Broker bias: Is there conflict over commission?
Risk managers are increasingly worried about broker conflicts of interest. Are there enough checks in place?
Insurers voice concerns over FCA transparency proposals
The Financial Conduct Authority has published a policy statement which outlines rules to increase engagement at renewal in the general insurance markets, but insurers are worried their positions will be undermined.
FCA fines stockbrokers Cenkos over half a million for mishandling of Quindell
The Financial Conduct Authority has fined Cenkos over half a million pounds for misrepresenting insurance outsourcing firm Quindell.
Blog: How to ensure outsourcing to the cloud meets data protection standards
Insurers that want to outsource to the cloud need to make sure their service providers meet data protection standards.
Blog: Insurers must shout about the good service
I've worked at the sharp end of our industry for more than 30 years now and seen firsthand how we help to put peoples' lives and businesses back together following serious incidents such as a storm, flood or fire. However, the public perception of the…
FCA to go ahead with PPI complaint deadline
The Financial Conduct Authority has confirmed it will press on with plans to impose a deadline for payment protection insurance complaints.
Private Motor Insurance Order officially comes into effect
Measures to boost competition among insurers and reduce premiums for drivers have come into effect today.
MPs call for a breakup of the FCA
A review on the possible breakup of the Financial Conduct Authority has been called for by senior MPs and the Treasury Select Committee due to ‘severe flaws’ in its past operations.
Trade Voice: Biba's Steve White on how the times they are a changin'
It is in turbulent times that trade bodies can prove must helpful.
FCA report on widespread selling among ARs 'no surprise' to broker networks
Today’s Financial Conduct Authority report on the “serious and widespread” issues on the oversight of appointed representatives has come as no surprise to broker networks.
FCA identifies ‘serious and widespread’ mis-selling among ARs
The Financial Conduct Authority has identified “serious and widespread” issues on the oversight of appointed representatives.
Brexit will not lead to ‘bonfire of regulation’, FCA chief says
Brexit will not lead to a “bonfire of regulation” the new head of the Financial Conduct Authority has warned.
FCA fines Towergate £2.6m for failing to protect client and insurer money
The Financial Conduct Authority has fined Towergate Underwriting Group £2.6m for failing to protect client and insurer money.
Interview: MGAA's James Gerry on what makes an MGA
One of the challenges that James Gerry, the recently elected chair of the Managing General Agents' Association, consistently encounters is over what exactly an MGA is.
Digital: Using social media to engage customers
It has finally clicked with insurers that they need to engage with customers on social media, as it can help attract new business and build trust.
Europe: Getting ready for the General Data Protection Regulation
Insurers have two years to adapt to the European Union's General Data Protection Regulation, at least until the timetable and details of Brexit are clarified.
Interview: Mark Weil, Marsh
Mark Weil, Marsh UK and Ireland CEO, talks to Stephanie Denton about his busy tenure, integrating acquisitions and what comes next
Broker Halo seeks new private equity backing as it enters GAP market with Mapfre
Halo is planning to seek new investment, six years after the car hire excess insurance specialist launched with Bridges Ventures, a social impact fund started by Sir Ronald Cohen.
Blog: Don't rest on your SIMR laurels
After the flurry of activity ahead of the various Senior Insurance Managers Regime deadlines, some firms might have concluded that implementation is complete and it is now possible to relax into business-as-usual mode. However, major ongoing and future…
Video: Improving access to justice
The review into add-ons by the Financial Conduct Authority has pushed legal expenses insurance into the spotlight.
Revealed: FCA and PRA unprepared for a Brexit
The industry’s two main regulators have not carried out any formal review of the potential impact of a Brexit, an investigation by Post can reveal.
Outsourcing: Shaping up to demonstrate customer focus
Service providers and insurers are sharpening up their outsourcing practices to bring them into line with tough new regulatory demands outlined by the Financial Conduct Authority a year ago.
Biba 2016: Brokers need support for innovation
The British Insurance Brokers' Association has called for more support for innovation in the insurance broking sector, in response to HM Treasury’s consultation paper on innovation for financial services.
FCA bans former broker Terence Joint from 'significant influence functions'
The Financial Conduct Authority has banned former insurance broker Terence Joint in relation to the handling and misapplication of client money between April 2011 and June 2012.