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Beyond dispute

With more parties coming to the table, disputes in the insurance industry are becoming more complex. However, David Webster says that while the industry has taken the Woolf Reforms on board, the inclination is still to settle out of court rather than mediate.

The Woolf Reforms and Civil Procedure Rules were introduced to change
the culture of litigation, speeding up the process and resolving disputes
more efficiently. The insurance industry has been

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FCA and PRA turn spotlight on MGA oversight

The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.

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