Regulation
Tomorrow’s World: Cultural Change
How can insurers build workplaces that not only attract top talent but also drive meaningful, lasting change?
FCA lets insurers lead as consumer protections weaken
The Association of Consumer Support Organisations’ director Matthew Maxwell Scott argues the Financial Conduct Authority's recent reports echo the Association of British Insurers' 18-month-old roadmap, risking consumer protections and repeating the…
Questioning the math behind FCA’s insurance price defence
The Financial Conduct Authority cites cost pressures, rather than profiteering, for motor insurance premium hikes but with record profits and low claims ratios, compliance consultant Branko Bjelobaba asks is that the full story?
Big Interview: Angus Eaton, Motor Insurers’ Bureau
After pledging to end uninsured driving, Motor Insurers’ Bureau CEO Angus Eaton speaks to Scott McGee about how the goal will be achieved—and the wider ambitions of the bureau’s five-year strategy.
What the motor finance ruling means for broking pay
Editor’s View: After the Supreme Court ruling on motor finance sparked an £18bn redress scheme, Emma Ann Hughes asks could insurance broker commission be next under the Financial Conduct Authority’s spotlight?
Tomorrow’s World: Regulatory Requirements
How insurers can stay ahead of evolving regulation is the topic of the latest episode of Insurance Post’s Tomorrow’s World series.
Wedding venue’s Covid fight with RSA drags on
A Devon wedding venue’s dispute with its insurer RSA is still rumbling on more than five years after the first government Covid restrictions were put in place, and more than eight months after the complaint it lodged with the Financial Ombudsman Service…
Should premium finance firms be on high alert after motor finance decision?
News Editor’s View: Scott McGee looks at the approaches to commission disclosure taken by various premium finance firms, and how they might be feeling following the Supreme Court's motor finance decision.
Insurers call for more regulation of electric vehicles
Petty Abrams, senior associate at law firm DWF, explores how new salvage rules, battery risks, repairability issues, charging liability, and increasing claims costs are reshaping motor insurance, and examines the need for more updates to legal frameworks.
Biba's Trudgill spots wins in government’s growth strategy
Trade Voice: Graeme Trudgill, CEO of the British Insurance Brokers’ Association, reflects on what more needs to be done in the wake of the government’s new financial services strategy.
FCA lacks ambition on insurance market reform
As claims service falters and essential cover vanishes, James Daley, managing director of consumer group Fairer Finance, warns the regulator is failing to deliver real change in a market increasingly stacked against consumers.
Brewis leaves FCA for KPMG
Matt Brewis, the Financial Conduct Authority’s director of insurance, is leaving the regulator to join KPMG UK, Insurance Post can exclusively reveal.
CII’s Connell on how case studies are key to understanding vulnerability
Trade Voice: Dr Matthew Connell, director of policy and public affairs at the Chartered Insurance Institute, says insurers should use case studies, like those from the ombudsman, to better recognise, understand and respond to customer vulnerability.
Does the FCA’s premium finance inaction show a lack of ambition?
Briefing: After years of signalling action, the Financial Conduct Authority has finally issued an update on its premium finance market review and while Scott McGee observes the watchdog said surprisingly little, those thinking the regulator is backing…
Aon’s head of captives reveals checklist for UK regs
Following Aon’s announcement last week that it is setting up a UK captives management company, global head of captives Ciáran Healy has outlined the broker’s plans and what it wants to see from the prospective regime.
FCA admits profiteering didn’t push up insurance prices
The Financial Conduct Authority has acknowledged the recent surge in motor insurance premiums was driven primarily by external cost pressures rather than excessive profiteering by insurers.
FCA lays out road map to tackle motor insurance costs
The Financial Conduct Authority has outlined what caused motor insurance costs to skyrocket in recent years and explained the steps the regulator, providers and the government should take to reduce premiums.
Q&A: Gary Gallen, rradar
Gary Gallen, CEO and founder of Rradar, tells Insurance Post why he set up the firm, how he flipped the pricing model of law firms, and why others won't follow suit.
FCA and ombudsman to overhaul compensation system
The Financial Conduct Authority and the Financial Ombudsman Service have unveiled plans to reform the consumer compensation system.
Understanding IFRS 17 compliance: Overcoming the operational challenges
The insurance industry has undergone and continues to undergo a major transformation with the implementation of IFRS 17, the global standard for insurance contracts accounting.
Why FCA inaction on premium finance is unacceptable
Despite falling motor insurance premiums and political inertia, Rebecca Deegan, director of campaigners Fair By Design, argues inaction on premium finance isn't acceptable and the regulator must act now to end the poverty premium and ensure fair outcomes…
Regulators and Treasury move to scale back SM&CR
Regulators and the Treasury have proposed streamlining the Senior Managers and Certification Regime to drive growth in the financial services sector.
Biba urges chancellor to stop downward spiral
British Insurance Brokers’ Association CEO Graeme Trudgill has written an open letter to chancellor Rachel Reeves asking her to put a stop to the “downward spiral of productivity” ahead of her Mansion House speech tomorrow (15 July).
FCA’s CPD cut threatens faith in insurance
Editor’s View: The Financial Conduct Authority’s proposal to scrap the 15-hour minimum annual requirement for continuous professional development for insurers is the wrong move, at the wrong time, with the wrong consequences for everyone, argues Emma Ann…