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CEA argues for full renewal of the Insurance BER

The CEA, the European insurance and reinsurance federation, has stated that all four areas currently exempted by the Block Exemption Regulation need to be renewed when the current BER expires in 2010.

The call comes in the CEA's response to the European Commission's report on the functioning of the Insurance BER that was published on 24 March 2009. The Insurance BER defines areas in the insurance

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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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