Financial Conduct Authority (FCA)
ABI: insurers want to offer straightforward services
The Association of British Insurers has said insurers are keen on offering products that are easy to understand and a straightforward claims process.
Biba 2013: FCA boss promises to take hard line on problem products
Industry players have been warned to “get their houses in order” by Financial Conduct Authority chief executive Martin Wheatley, who has vowed to deal with potential problems with financial products before they take root.
Interview: Jon Hancock and Dan Wilkinson: Building bridges with brokers
RSA Commercial managing director Jon Hancock and recently appointed mid-market regions director Dan Wilkinson, the former Willis UK Retail chief executive, discuss broker plans for Biba and beyond.
Government introduces Mesothelioma Bill
The Government has introduced the Mesothelioma Bill which will pave the way for a ‘Diffuse Mesothelioma Payment Scheme’.
Managing General Agents: In it together
Boasting members from insurance, IT, consultancy and legal services, the Managing General Agents’ Association could be accused of spreading itself a bit thin. But it’s clear in its goal: to give MGAs their own identity
Broking Supplement: Comment - Steve White
Biba's new chief executive Steve White looks forward to the challenges he will face in his new role.
Broking Supplement: Taking heads - Matters of opinion
The last 12 months have been busy for the broking sector with a new regulatory regime, the continuing financial crisis and the battle against the current Financial Services Compensation Scheme all occupying the minds of intermediaries. Post caught up…
Telematics Expo: ABI pre-empts telematics regulation with new guide
Trade bodies can play an important role in the development of the telematics industry, particularly in warding off the threat of regulation, according to Association of British Insurers policy adviser Ben Gaukrodger.
Industry, regulator and government at ‘watershed’ over ERN
The Financial Conduct Authority has confirmed employers' liability insurers and intermediaries have until 1 April 2014 to capture and supply the Employer Reference Number at the point of policy inception of renewal.
Affinity Partnerships: Finding the perfect fit
To achieve success in the affinity market, insurers must be careful to foster mutually beneficial relationships with the right partners and ensure they select relevant products
Banks’ PPI problem sees insurance complaints on the rise once again
Consumer complaints about payment protection insurance are continuing to rise, with the total number of complaints in the second half of 2012 increasing by 5%, compared with the previous six months, to 2.17 million.
Editor's comment: Border control
As a UK passport holder I am welcome to roam Europe at will and take in the sights, scenes and delights.
Regulation: A heavy crown
The downfall of the Financial Services Authority was met with resounding support. However, as its successors take over sceptics ask whether the twin peak model might create more discontent in the industry.
FCA warns of ‘clone’ insurance broker
The Financial Conduct Authority has issued a warning over an unauthorised firm trading under a similar name as the established and FCA-regulated insurance mortgages intermediary, KBP Insurance Service.
Lloyds TSB tops FCA insurance complaint figures
Payment protection insurance complaints are continuing to rise in the latest data from the Financial Conduct Authority, with Lloyds TSB subject to the most insurance complaints in the second half of last year.
SRA reassures firms using Balva Insurance
The Solicitors Regulation Authority has reassured firms using Balva Insurance for its professional indemnity following a regulatory ban on the firm to underwrite policies in the UK.
FCA selects Premium Credit as instalments payments provider
Premium Credit has been awarded a three-year contract to provide the official solution for Financial Conduct Authority authorised firms to spread the costs of their regulatory fees across monthly instalments.
In Series: Balancing act
Personal lines insurers must be careful to ensure their desire to harness the power of data doesn’t get in the way of treating customers fairly.
In Series: Personal Lines: Proceed with caution
As well as the benefits offered by increased data usage, personal lines insurers must consider its many pitfalls.
ABI: FCA must develop ‘clear success measures’ and deliver value for money
The Association of British Insurers has called the Financial Conduct Authority to develop “clearer success measures” to ensure the new regulator delivers value for money.
FCA and PRA require 15% extra funding for 2013/14
The Financial Conduct Authority and the Prudential Regulation Authority have requested a 15% increase in their annual funding requirement for 2013/14.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
New regulator reveals 12-strong board
The 12 new members of the Financial Conduct Authority board have been named ahead of the new twin-peak regulatory system taking over from the Financial Services Authority on 1 April.
FCA business model met with trepidation in insurance industry
Fears have been voiced by the insurance industry that the new regulators will intrude too much into the commercial sphere and that having two bodies will cause inefficiency.