Regulation
FCA slams SME commercial brokers for narrow bribery risk control
The Financial Conduct Authority has accused small commercial insurance intermediaries of failing to manage bribery and corruption risk effectively.
Creditors of liquidated broker EPLS owed more than £500,000
Blocked London insurance broker EPLS Risk Solutions is in more than £500,000 of debt to creditors, according to its liquidators.
IMD II heads for European Parliament negotiations
The second edition of the Insurance Mediation Directive is to head for the European Parliament for negotiations over adoption following approval from the European Council.
Experian and Confused partner on fraud detection offering
Experian is to work with aggregator Confused.com to offer insurers the ability to understand fraud risk at the point of quote, Post can reveal.
Former Swinton CEO Halpin fined and banned from senior roles after adds-ons mis-selling
The Financial Conduct Authority has fined three former senior executives of Swinton Group £928,000.
Industry welcomes PRA survey on ‘real threat’ of climate change risk
Insurers lack understanding of climate change’s implications for investments
In Series: Not out of the PI woods yet
Although recent reforms have made a difference to problems plaguing the personal injury sector, insurers say they have not gone far enough. So what more can be done?
Research: State of the Broking Nation Part 3: Networks and Consolidation
The value and the role of networks and the question of who benefits most from their involvement in the distribution chain are among the themes discussed this week in the third instalment of the State of The Broking Nation. But to begin with, as the…
A recipe for tackling food fraud
What could the ‘eight pillars of food integrity’ mean for the insurance industry?
Research: State of the Broking Nation Part 2: Regulation, Commission & Politics
In the second in a series of reports covering brokers’ views of the issues affecting their sector, Post this week asks 20 senior industry figures their thoughts on regulation, commission and politics.
North of the Border: Changes to Health & Safety Act
Section 69 of the Enterprise and Regulatory Act 2013 amended section 47 of the Health & Safety at Work Act 1974 for accidents occurring after 1 October 2013.
Trade Voice: A taxing time for MGAs
A few years ago HM Revenue and Customs ran an advert with the slogan ‘Tax doesn’t have to be taxing’. However, for managing general agents, this may not necessarily ring true.
Marie-Louise Rossi: An obituary
Marie-Louise Rossi, who died last night at the age of 58, left a huge legacy for the London insurance market for which she acted as a powerful, persuasive advocate for over a decade while at the helm of the International Underwriting Association (IUA).
Motor sector set to report loss for 2014 as claims return to pre-Jackson levels
Towers Watson report says reserve releases unlikely to continue
Mutual insurers welcome potential funding and M&A boost from new Bill
Bill could mean mutuals get level playing field with shareholder-based insurers
Blog: The Flat Pack – Affinity insurance deals that failed to catch on
Ikea has long been touted as a good candidate for an insurance affinity tie-up given its brand and store footfall.
‘Constructive’ party conference season dialogue pleases insurance bosses
Flooding and cost of motor insurance and regulation top the agenda
Delegated Acts publication boosts confidence in Solvency II go-live date
Analysts say pillar three needs ‘significant’ resources as insurers behind on this
Fraud Focus: Pros and cons of fraud law revamp
One of the central pillars of the law relating to fraudulent insurance claims is being given a much overdue makeover. The Insurance Bill is largely good news for insurers, but there will be some areas where protection is reduced.
Solvency II Delegated Acts published
The Solvency II Delegated Acts, published today, have been welcomed by Insurance Europe which says it is examining their impact on insurers and policyholders.
July 2015 implementation unlikely for Flood Re as groundwork continues
Flood Re boss Tom Woolgrove has admitted Q4 2015 date is now more likely
Europe: Commission disclosure - disaster averted?
The Insurance Mediation Directive has been the subject of much conjecture in recent times. So what will the trialogue decide on - and what will the impact on insurers be?
Post Blog: Insurance professionals who have stood for parliament
With the news that insurance entrepreneur Arron Banks is moving from Go Skippy to Go Ukippy, I decided to look at how other prospective election candidates from the insurance sector have fared over the last two elections.
Solvency II and shareholder pressure to blame for international business sales
DLG’s sale of Italian and German businesses follows similar deals by other firms