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Piling on the pressure

A degree of concern has emerged that the increased focus on brokers' duties of care will have a negative impact on professional indemnity claims. On the contrary, argue other commentators, regulatory changes have helped limit the scope for errors and ommissions by making the market more professional. Jane Bernstein investigates

Brokers have long represented a fairly safe risk for professional indemnity underwriters and claims trends as well as premiums have remained stable for some time. But there is a view that the

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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