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CEA regrets lack of EU harmonisation on 5th motor directive

On 12 January, the European Parliament voted (in a second reading) in favour of the draft 5th motor liability directive. This outcome was supported by the EU Member States the same day and is now pending its formal adoption by the EU Council.

Comité Européen des Assurances said it welcomes the directive, claiming it will be easier to take out insurance cover and improve the compensation of victims of road accidents both at national level

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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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