Regulation
Proposals for simplified FCA commercial and bespoke rules imminent
Post understands the Financial Conduct Authority is aiming to publish proposals for simplified rules for commercial and bespoke insurance products before the end of the year.
Halloween horror stories haunting insurers
Editor’s View: It’s that spine-tingling time of year again, when the nights draw in, shadows lengthen across Leadenhall Market, and Emma Ann Hughes shares scary stories about insurance.
Government launches review into whiplash reforms
The government has this week launched a post-implementation review of the Whiplash Reform Programme.
Growing regulatory spotlight on model risk management
Alex Harding, associate partner at 4most, explains how regulatory oversight of model risk management may soon extend to insurance and shares how to future-proof frameworks.
FCA CEO warns UK ‘massively under-insuring’ against cyber threats
Financial Conduct Authority CEO Nikhil Rathi has warned of mass underinsurance against catastrophe and hostile cyber threats, highlighting the wide-ranging economic impact of such attacks.
Culture clash: Tackling non-financial misconduct in insurance
From toxic behaviour to weak reporting systems, Rob Mason, director of regulatory intelligence at Global Relay, explains why insurers must get serious about embedding accountability and confronting misconduct head-on.
Mazur ruling: A seismic shift for insurance?
A recent ruling at the High Court could give the legal and insurance industries another headache to worry about.
Banks, insurers and their lawyers face climate reckoning
The Prudential Regulation Authority is tightening expectations on how banks and insurers manage climate risk, which Laurence Besemer, CEO of the Forum of Insurance Lawyers, claims will reshape what they demand from their legal advisers.
FCA reveals pendulum swing in Gap payouts
The latest Financial Conduct Authority data for fair value measures has shown that, following regulator intervention, more money is being paid out in Guaranteed Asset Protection insurance claims than is coming in through premiums.
Commission clarity shouldn’t stop at motor finance
Editor’s View: While the Financial Conduct Authority currently believes only motor finance commission arrangements warrant a compensation scheme, Emma Ann Hughes warns similar payment practices in general insurance could soon face greater scrutiny.
Throwback Thursday: EU shapes insurance & Allied Dunbar’s ambition
Insurance Post’s Throwback Thursday steps back in time to October 1990 to remind you what was going on this week in insurance history when the European Commission was reshaping insurance.
Watchdog outlines vet reforms that could cut pet insurance costs
The Competition and Markets Authority has today published its provisional decision in its market investigation into veterinary services for household pets in the UK.
Business interruption insurance after Covid-19
How has business interruption insurance changed since the pandemic – and whether the lessons of Covid-19 are really being applied today – is the focus of the latest Insurance Post Podcast.
How has Trump’s approach impacted Net Zero plans?
Insurance Post is inviting ESG and sustainability leads at insurance companies to take part in a short survey examining how US President Donald Trump’s approach to climate and energy policy has influenced Net Zero strategies over the last year.
Culture and conduct now define leadership in insurance
The Financial Conduct Authority’s new non-financial misconduct rules make culture and conduct a core compliance issue for insurers, which Sarah Ouarbya, partner for risk and regulatory consulting at Forvis Mazars, argues will reshape expectations of…
FCA defends ‘awful lot’ of work done amid Which? super complaint
The Financial Conduct Authority has said it has already done an “awful lot” of insurance work, in response questions about the Which? super complaint.
Why volatility keeps tripping up motor insurers
Deputy Editor’s View: Amid global volatility and shifting pressures, Scott McGee questions whether the motor insurance market ever stood a chance at consistently pricing policies and posting a profit.
FCA warns against snap judgments on motor finance redress scheme
The Financial Conduct Authority has called for firms and individuals to “not rush to judgement” on its motor finance compensation scheme.
Blog: Why knowing your customer is critical for pet insurers
Rising costs and growing complaints are testing the UK pet insurance market like never before. In this blog, CRIF’s Sara Costantini explores how truly knowing customers and their pets can build trust, reduce risk and meet rising regulatory expectations.
Motor insurers pay out £885m in redress but complaints begin to ease
Motor insurance continues to be the most complained about product in UKGI, according to an exclusive analysis of Financial Ombudsman Service (FOS) complaints data by market intelligence firm Insurance DataLab.
Regulators to tackle motor claims management practices
The Financial Conduct Authority, Solicitors Regulation Authority, Information Commissioner’s Office and the Advertising Standards Authority plan to tackle misleading advertising and information about motor finance claims.