Regulation
FCA gives wholesale broking market a clean bill of health
The Financial Conduct Authority has closed its market study of wholesale insurance brokers, saying it had “not found evidence of significant levels of harm that merit the introduction of intrusive remedies”.
FCA issues warning over clone broker
The Financial Conduct Authority has issued a warning over an unauthorised firm pretending to be Protect Your Bubble.
Insurance staff ‘stressed’ over weight of EU regulation
Insurers have issued a warning over the increasing toll that European Union regulation is having on employees.
Webinar: Removing the shackles of heritage technology to become fit-for-purpose
The burden of legacy or heritage technologies is not a new issue for the insurance industry.
This week in Post: Couples and coupes
With Valentine’s Day yesterday, the Post team started the week by bracing ourselves for an inevitable slew of romance-related press releases. We weren’t disappointed.
Post launches new Reputation event focused on creating an ethical and inclusive insurance market
Those that work in insurance have long known it has reputation issues.
Pool Re extends business terror loss cover
Insurers under the government-backed Pool Re scheme will cover business interruption losses in cases of a terror attack.
Insurers face Part VII transfer delays as Brexit looms
Exclusive: The government is mulling an extension to the deadline for insurers to get legal permission to move books of business from the UK to Europe.
Analysis: Laspo gets a clean bill of health
Exclusive: The government has carried out a review of the second part of the Laspo reforms it introduced six years ago.
IUA weighs in on consultation over driverless cars
The International Underwriting Association has called for laws on driverless cars that would require drivers to keep their eyes on the road at all times.
Brokers nervous on Brexit: Aviva research
Brokers have identified Brexit as their second biggest worry, behind regulation and compliance, Aviva research has shown.
Insurers welcome plans to beef up driverless safety standards
Insurers involved in trialling driverless cars have welcomed government plans to improve safety of testing.
This week: ‘Snow drama
Despite the buildup - amber warnings, train winter timetables, and inevitable delays getting to work - insurers will be grateful of today’s mere smattering of snow.
Arron Banks' Eldon and Leave.EU fined £120,000 by ICO over data misuse
The Information Commissioner’s Office has fined Arron Banks’ Eldon Insurance £60,000 and political campaign group Leave.EU a total of £60,000.
Watchstone names court date as it prepares for showdown with S&G
Watchstone has ring-fenced £50.2m in anticipation of a costly court battle with Slater & Gordon later this year.
Extra FSCS bill the ‘last thing that brokers need’: Biba
The British Insurance Brokers’ Association has hit out over an extra Financial Services Compensation Scheme bill that firms will have to pay in February.
Trade Voice: Bila's Ozlem Gurses on motor passenger insurance
How do passengers 'use' motor vehicles? Ozlem Gurses, reader in insurance and commercial Law at King’s College London and British Insurance Law Association committee member, explains how the law sees this question when it comes to insurance.
Industry faces £10.5m bill from FCA claims data proposals
The regulator expects its claims reporting proposals to cost the industry between £7.5m and £10.5m in one off compliance costs.
FCA takes aim at general insurance ‘poor product value’
The city watchdog has launched a consultation to address potential 'poor product value' in general insurance.
Blog: Are manufacturers recall ready?
With Brexit looming, manufacturers are facing the logistics of getting products to countries in the European Economic area and back. Natasha Catchpole, practice leader for crisis management and product recall at CFC Underwriting, explains how brokers can…
Insurers issue no-deal Brexit warning over Green Cards
Motorists from Northern Ireland will have to secure a Green Card from their insurer if they wish to cross the border into Ireland, if there is a no-deal Brexit.
This week: What does the fox say?
Brightside’s new managing general agent Kitsune takes its name from the Japanese word for fox. The animal is much admired in Japanese folklore for its intelligence and supernatural abilities – characteristics all the insurance companies that announced…
Blog: Model behaviour for insurance risk prediction - destroying the myth of the magic funnel
In a highly competitive market, it is important that insurers maximise their data models to create more intelligible insights. Only then, argues Alan O’Loughlin of Lexis Nexis Risk Solutions, will they gain a strategic advantage over competitors
Irish broker Arachas mulls post-Brexit UK broker partnerships
Irish broker Arachas is considering reaching out to UK partners to overcome potential passporting barriers in a post-Brexit world.