Regulation
Fines predicted in conflict of interest review fall-out
Industry fines following the Financial Conduct Authority review of brokers' conflicts of interests are likely to be handed out in a matter of months, accounting firm Moore Stephens predicts.
Gibraltar recruits former FSA insurance director for Solvency II project
Gibraltar’s Financial Services Commission has swooped for a former UK insurance regulator to lead its Solvency II implementation project.
C-Suite: Hong Kong's insurance authority
Laywer Kevin Bowers gives an overview of the proposed make up of the Independent Insurance Authority in Hong Kong, expected to be introduced in 2015.
FCA finds brokers not properly managing conflicts
The Financial Conduct Authority has found conflicts within brokers are not being properly managed particularly around add-on insurance and premium finance.
Singapore targets 2017 for RBC 2
The Monetary Authority of Singapore has set out a timetable for the improvement of its risk-based capital model for insurers.
BoE’s Carney fires insurance execs accountability warning
Bank of England governor Mark Carney has warned that the watchdog is building rules to hold insurance executives to account in the case of failures.
Trade Voice: Bringing the law up to date
As the British Insurance Law Association celebrates its 50th anniversary, the Law Commissions of England and Wales and of Scotland conclude the second part of their project to reform insurance law.
Acquisition appeal in China warms up
Regulatory changes in China look set to make it easier for local and foreign players to expand in the world’s fourth-largest insurance market.
Editor's comment: One year on, what’s changed?
Twelve months ago at the 2013 British Insurance Brokers’ Association conference, Financial Conduct Authority chief executive Martin Wheatley used his keynote speech to tell the market the regulator would be taking “early and decisive action” against…
White questions FCA decision-making speed after Treasury launches review
Industry figures critical of regulator’s early naming and shaming policy
Hong Kong Independent Insurance Authority moves a step closer
The passage of the Insurance Companies (Amendment) Bill 2014 into Legco has brought an independent regulator a step closer in Hong Kong.
Head to Head: Add-ons
This year’s Biba conference, taking place at Manchester Central, has the theme ‘Customer, customer, customer’. With that in mind, Post asked some leading industry figures to go head-to-head on the burning customer issues.
BIA Countdown: 20 years of broking
As part of Post’s countdown to the 20th anniversary of the British Insurance Awards in July, we spoke to the major brokers who have experienced wins over the years, asking them how the industry has changed since the first BIAs in 1994.
SRA proposes aggregation limit and run-off cut for compulsory PI cover
The Solicitors Regulation Authority has proposed cutting the limit of compulsory professional indemnity cover to £500 000 for any one claim, and introducing an aggregation limit, in its consultation on the PI minimum terms published today.
C-Suite - Broker: Embrace the standards drive
Recent fines issued by the Financial Conduct Authority are an important reminder of the continuing focus on regulation in the financial services sector.
Solvency II: It’s the final countdown
With a definitive date of 1 January 2016, Solvency II is finally set to be implemented – and insurers must make sure they are prepared
Towergate in FCA talks over mis-selling
Towergate is in discussions with the Financial Conduct Authority over issues around the sale and advice of two Towergate Financial products.
Chinese regulator examines intermediary market
The China Insurance Regulatory Commission is attempting to clean up the intermediary market in the country.
Increased regulation is no excuse for service decline, brokers tell insurers
Survey shows insurers and brokers disagree over reason for customer service drop
ABI issues guide to assessing non-modelled cat risks
The Association of British Insurers has published an industry guide to better identify, assess and manage non-modelled aspects of global catastrophe risks.
EU probing Setanta collapse
The European Union is to investigate the collapse of Irish motor insurer Setanta, which moved to immediately dissolve itself last week.
73% of brokers say regulation hitting customer service
Almost three quarters of intermediaries have warned that the weight of regulation is damaging insurers' customer service, in a survey conducted by EDM Group, Post can reveal.
CMC launches global insurance consultancy
CMC Insurance, a global consultancy aiming to rival the big four in the insurance and reinsurance space, has been launched by the team behind banking consultancy CMC Europe.
British Insurance Awards 2014 shortlist video
On 9 July 2014, Post will celebrate 20 years of the renowned British Insurance Awards, and what a spectacular two decades it has been.