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Analysis: Commission in the crosshairs as FCA warns on product governance rules

Crosshairs

The shift in the regulatory landscape could lead to “massive upheaval” experts have warned as brokers have been urged to engage with the process amid fears that the scope of fair value changes has not been understood.

The Financial Conduct Authority’s focus on pricing and value is “maybe the most significant regulatory development we have seen for a long, long time” according to Chris Chapman, partner in the

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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