Regulation
RTA Portal extension presents "minefield" of deadlines, says Garwyn
Garwyn's chief executive has said that the 20-page draft pre-action protocol for the RTA Portal extension to cover EL and PL claims is "in danger of becoming too complex to be workable".
IFED charges seven 'ghost brokers'
The Insurance Fraud Enforcement Department has charged seven people with conspiracy to defraud and other fraud related offences.
Biba devises alternative FSCS funding model
The British Insurance Brokers' Association has proposed an alternative structure for the Financial Services Compensation Scheme funding model.
ILGS ignores what claimants do with damages, says Kennedys
The current use of index-linked government stock ignores the reality of what claimants do with their damages, according to law firm Kennedys.
Cameron McKenna backs FSA Solvency II timetable change
City law firm Cameron McKenna has commended the Financial Services Authority for adapting its implementation timeline for Solvency II.
SRA publishes referral fee ban consultation paper
The Solicitors Regulation Authority published a consultation paper this afternoon on the ban of referral fees in personal injury cases.
Guernsey hails growth in insurance licences
The Guernsey Financial Services Commission has licensed 107 new international insurers in the past 12 months, according to figures from the Guernsey financial services regulator.
FSA changes Solvency II compliance timetable
The Financial Services Authority will work on firms' Solvency II internal model approval until 31 December 2015.
UK regulator allows more time for Solvency II implementation
The Financial Services Authority has given insurers more time to get ready for Solvency II, anticipating that disagreements over the final rules could delay its introduction by two years.
Young female driver premiums fall ahead of ECJ directive
The average motor premium for young drivers has fallen slightly, while the gap between motor premiums for young male and female drivers is narrowing, according to the AA.
Household premiums rise following summer washout
Average insurance quotes for home buildings and contents cover have risen following heavy rain and flooding in the summer, according to the AA's latest insurance premium index.
Biba welcomes ERN collection rates
Almost half of respondents to a British Insurance Brokers' Association survey have reported 70% to 100% collection levels of the employer reference numbers.
PRA aims for "judgement-based" approach
Two documents outlining the Prudential Regulation Authority's approach to supervision when it is established in April 2013 have been presented today to stakeholders.
Chartered broker websites 'overlook the basics', report finds
Brokers are downplaying their chartered status on company websites, according to research commissioned by Axa Commercial Lines and Personal Intermediary.
Hong Kong insurers face stricter outsourcing rules
Hong Kong-based insurers will have to comply with new rules governing outsourcing from January 2013.
Post Blog: Innovate or withdraw
The FCA is likely to take a hard line on products that are not in the best interests of consumers, and insurers could be left with difficult decisions.
Nearly half of insurers won't be Solvency II ready by 2014
While 57% of insurers across Europe think they are on track to comply with Solvency II by January 2014, readiness varies significantly by country, according to Ernst & Young.
Solvency II unlikely to be implemented until 2016
Solvency II rules may not take effect until 2016, Gabriel Bernardino told The Wall Street Journal this week.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
FCA to "revolutionise" consumer behaviour
The financial services industry needs to "brace itself" for a major change in the approach to competition by the regulator.
CII welcomes FCA clamp down on 'poor' business behaviour
The Chartered Insurance Institute has said it looks forward to the Financial Conduct Authority "punishing poor and unethical behaviour" as the new body launched a consultation paper on how it will operate.
Allianz subordinated bond assigned A2 rating by Moody's
Moody's has assigned an A2(hyb) rating to the 30-year €1.5bn subordinated bond to be issued by Allianz SE.
Generali Deutschland implements automated ERM platform for compliance
Generali Deutschland is using an automated workflow enterprise risk management solution for reporting and compliance activities.
Wheatley unveils new regulation agenda
Martin Wheatley, incoming chief executive of the Financial Conduct Authority, aims to "reset" how the regulator works with financial firms and address "cross-industry issues" when it replaces the Financial Services Authority next year.