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What to expect from the regulator in 2024

Kayleigh Benneworth, group head of risk and compliance at Specialist Risk Group, David Sparkes, regulation director of the British Insurance Brokers' Association, Mathew Rutter, regulatory partner at DAC Beachcroft, and Matthew Connell, director of policy and public affairs at the CII

Post Podcast: Insurers should brace themselves for the Financial Conduct Authority kicking the tires of how well providers and brokers are adhering to Consumer Duty requirements in 2024.

 

In the latest Post Podcast, regulatory experts shared whether, with a general election looming on the horizon, the industry can expect crackdowns from the watchdog and slaps on the wrist relating to

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Fair value rules still fail brokers and consumers alike

Four-and-a-half years after the Financial Conduct Authority’s fair value rules arrived, Branko Bjelobaba, principal of compliance consultancy Branko Ltd, argues inconsistent data and vague metrics still make it difficult for brokers and consumers to compare insurance products properly.

Pride exposes prejudice LGBTQ+ individuals face in insurance

Editor’s View: LGBTQ+ network Link’s latest survey shows many insurance professionals still feel pressure to hide parts of themselves at work, which Emma Ann Hughes argues highlights the need for insurers to move beyond Pride branding and ‘pinkwashing’ to build actually inclusive cultures.

FCA’s Reynolds outlines insurance priorities

Graeme Reynolds, director of competition and interim director of insurance at the Financial Conduct Authority, takes centre stage in the latest Insurance Post Podcast, setting out the regulator’s key priorities for the market.

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