Regulation
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
Editor's comment: A bitter pill to swallow
While some things are well worth waiting for, others – as the Competition and Markets Authority’s final report into the private motor market demonstrated this week – really are not.
Interview: Mike Brown: Taking a moment
As senior partner at BLM, Mike Brown is overseeing his firm through a period of incredible change for the legal sector – although some of the changes don’t sit too comfortably with him
Insurance chiefs to be held 'more clearly accountable' under BoE plans
The heads of insurers will be held “more clearly accountable” as part of a new standards regime planned by the Bank of England.
FCA blocks ‘uncooperative’ EPLS Risk Solutions
The Financial Conduct Authority has removed permissions for London-based broker EPLS Risk Solutions over failures to file figures to February 2014.
PIs slam ABI calls for regulation exclusion for in‑house investigators
Updated ABI member guidelines say FCA adherence negates need for regulation
Editor's comment: A taxing sting in the tail
As Benjamin Franklin said, only two things in life are certain: death and taxes. But the latest tax decision to come from the European Court of Justice has a particularly nasty sting in the tail for the UK insurance industry.
Ex Biba exec Foulsham appointed as REG advisor
Steve Foulsham, former head of technical services at the British Insurance Brokers’ Association has joined Regulatory Efficiency gains as an advisor.
Volatility adjustment approval process could disadvantage UK firms
Proposals to make the Solvency II volatility adjustment subject to pre-approval by the Prudential Regulation Authority could put UK firms at a competitive disadvantage, according to EY’s head of insurance regulation and risk Martin Bradley.
Editor's comment: Pitching to the politicians
Later this month the major political parties will hold their final conferences before the 2015 general election — providing a critical opportunity for the insurance industry to influence policy making and politics before manifestos are locked down.
Conservative peer awarded top EC finance brief
Conservative peer Jonathan Hill, a former PR man and education minister, has been appointed as the new European commissioner for financial stability and regulation.
PWC swoops for KPMG tax specialist
PWC has hired tax specialist Daniel Dzenkowski from rival consultancy firm KPMG.
Solvency II capital requirements prove too onerous for Gibraltar‑based firms
Smaller motor insurers line up to leave market as EU capital‑raising measures loom
North of the border: A shift in Scottish solicitor regulation
The Law Society of Scotland has launched two consultations on significant changes to the regulation of solicitors in Scotland.
Scottish independence: Yes or no?
With the Scottish independence referendum just days away, brokers across the UK disclose the outcome they’re hoping for and predict what the vote could mean for broking businesses
Claims Club News: FCA putting spotlight on commercial cover
The Financial Conduct Authority is likely to raise the stakes on insurers by increasing scrutiny on whether the products customers buy are fit for purpose, amid a “philosophical shift” by the regulator.