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PIAB chief lauds 2007 achievement

Compensation totalling €181m was awarded in respect of 8200 personal injury claimants in 2007 according to preliminary year-end data from Personal Injuries Assessment Board.

Awards were made at the same level as the Courts but four times faster (more than two years quicker) and at a 70% less delivery cost. This has resulted in cost savings of €40million in 2007 with no

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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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