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Profitability in doubt as insurers reach cost-cutting limit

The future profitability of the UK general insurance market is in doubt after credit rating agency A...

The future profitability of the UK general insurance market is in doubt after credit rating agency AM Best said further cost-cutting will not be possible and rates cannot decrease.

In its latest

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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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