Regulation
ABI’s Otudeko on weeding out excessive regulation
Trade Voice: David Otudeko, the Association of British Insurer’s director of regulation, argues regulators need to recalibrate in order to support innovation and growth.
FCA finds more insurance requirements that are ‘no longer needed’
Following the launch of a consultation where the Financial Conduct Authority is proposing to decommission certain regular returns and remove the relevant sections from SUP 16, the regulator has identified more returns it deems are “no longer needed”.
Why insurers should engage in AI self-governance now
Insurers can turn regulatory uncertainty into a trust-building edge if they engage in artificial intelligence self-governance now, argues Darcy Rittinger, chief risk officer of Cover Genius.
Auto Windscreens calls for more regulation in vehicle repairs
James MacBeth, managing director of Auto Windscreens, has called for more regulation of motor vehicle repairs and for ADAS technology to be part of a vehicle’s MOT.
Why insurers’ AI pilots should be assessed for regulatory proportionality
Charlotte Halford, partner at DAC Beachcroft, explains why insurers should view generative artificial intelligence as a regulated activity that increasingly intersects with data protection, consumer protection, and operational risk frameworks.
FCA clarifies approach to naming and shaming insurers
The Financial Conduct Authority today (3 June) finalised revisions to its Enforcement Guide and investigation publicity policy, clarifying when it will name and shame insurers.
Frequently Asked Questions on ESG
As ESG becomes vital for long-term success, businesses must adopt responsible practices. Whether you're new to ESG or refining your approach, this FAQ answers key questions and shows how to use data effectively to support your ESG journey.
FCA CEO responds to Which? petition to ‘end the insurance rip-off’
The Financial Conduct Authority’s CEO Nikhil Rathi has responded to Which? CEO Anabel Hoult after the consumer group delivered a petition calling on the regulator to get a stronger grip on a market that isn’t working as intended.
FCA likely to scale back non-financial misconduct guidance
The Financial Conduct Authority is likely to scale back the draft guidance on non-financial misconduct included in its original consultation paper, according to Dentons employment law counsel Sarah Jackman.
Is Axiom Ince the start of a new era of SFO investigations?
The Serious Fraud Office’s crackdown in the Axiom fraud case is a key example of the agency’s statement of intent and raises the bar on insurers to self-police corporate fraud, according to Elliott Kenton, partner in the regulatory team at Weightmans and…
FCA clarifies ‘double-edged’ value review rules
The Financial Conduct Authority has clarified its approach to the value review reforms proposed in its insurance rule simplification consultation paper.
Could M&A, motor and regulation drive the UK legacy market to new heights?
Legacy insurers and reinsurers are confident they step up the frequency with which they transact with insurers in the ‘live’ general insurance market in the years to come.
Are e-scooters worth the hassle?
News Editor's View: Five years into the UK’s e-scooter trials, Scott McGee considers how safety concerns, data gaps, and regulatory uncertainty continue to cloud the mode of transport's future and whether the insurance industry will want to provide cover.
Why old tech brings new risks
Insurers relying on outdated systems often struggle to introduce innovative products. As a result, they risk losing market share to competitors that can swiftly deploy new offerings.
FCA defends decision to ditch insurance CPD
The Financial Conduct Authority has responded to concerns that if it pushes ahead with the proposal to ditch the requirement for 15 hours of continuous professional development a year there could be an uptick in the number of insurance employees lacking…
What you need to know during free wills month
Free wills month provides people with a valuable opportunity to protect assets and take control of their financial future. Grace Hughes at ARAG Law, answers the key questions surrounding wills, such as when a will can be contested or changed.
FCA hopes firms will gain confidence with fewer rules
The Financial Conduct Authority has said how it hopes firms build confidence in their knowledge of customer service and outcomes, as opposed to a “tickbox” exercise again.
What Tiernan will find in the Lloyd’s CEO in-tray
Editor’s View: As Patrick Tiernan prepares to succeed John Neal as CEO of Lloyd’s at the start of June, Emma Ann Hughes reflects on what is in his in-tray, plus what is in his toolkit, to consider how he could transform and leave a lasting mark of the…
DLG deal ‘on course’ and not a distraction for Aviva
Despite the Competitions and Markets Authority opening up a probe into the acquisition, Aviva’s Owen Morris remains confident the deal will still be done in mid-2025.
Five key drivers shaping the insurance industry in 2025
The insurance industry is undergoing significant transformation in 2025, shaped by rapid technological innovations, shifting customer expectations, and increasingly complex risks.
FCA handed 170,000-strong petition to fix insurance failings
Rocio Concha, director of policy and advocacy at Which?, explains why she went to the Financial Conduct Authority’s offices today and handed in a petition, signed by more than 170,000 people, calling on the regulator to get a stronger grip of a market…
CMA launches probe into Aviva’s takeover of Direct Line
The Competition and Markets Authority has launched a probe of the prospective acquisition of Direct Line Group by Aviva, with its decision due by 10 July.
FCA strips back insurance rulebook
The Financial Conduct Authority has kicked off the British Insurance Brokers’ Association’s 2025 conference by outlining plans to ditch what it deems “outdated and duplicated requirements” from its insurance rulebook.
FCA remains a work in progress
Trade Voice: Chris Croft, CEO of the London and International Insurance Brokers’ Association, says that while the regulator has made strides towards its new objectives, further cultural change is needed.