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Korea's Samsung Fire & Marine Q3 net profit jumps

(Bestwire) South Korea's Samsung Fire & Marine Insurance Co. Ltd reported a 31.5% rise in net profit to 434bn won (US$316.7m) in the first three quarters of its 2008 fiscal year.

Net premium income rose 8.7% to 6.73trn won, compared with 6.19trn won a year earlier, according to the insurer.

In the first three quarters of the 2008 fiscal year, which ends March 31, the nonlife

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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.

Big Interview: Chris Knight, Financial Conduct Authority

The Financial Conduct Authority’s new director of insurance, Chris Knight, speaks exclusively to Insurance Post about premium finance, why enforcement action against firms that fail to comply with the Consumer Duty is looming plus whether the watchdog could soon scrutinise ChatGPT.

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