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Unsettled outlook

Profits are sliding in Chile and El Salvador - and the losses from the Asuncion shopping-centre disaster may far exceed Mapfre's exposure

Chilean life profits down 23.92%

Chilean life insurers' profits during the first half-year of 2004 amounted to 64.3bn pesos ($103.2m), a fall of 23.92% against the same period in 2003, even though

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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