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The future is looking gloomy.

That's the conclusion of international rating agency Fitch IBCA after it carried out a review of the UK property damage market. Chris Klein explains why there is a storm brewing.

This month Fitch IBCA reviewed the overall 1997 results for the UK
property damage market as reported in the returns of the largest 75
general insurers to HM Treasury.


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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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