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Regulation of loss adjusters in the spotlight again

Simon Burley

The European Insurance and Occupational Pensions Authority has advised that regulation of those fulfilling the "claims" aspects of insurance contracts would be part of Insurance Mediation Directive 2.

Post reported in January that more than a decade after the idea of regulating loss adjusters and other claims-related service providers was first mooted, a new European Commission proposal is likely

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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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