Insurance Regulation

IFoA Comment on DB Pensions Regulations

Some comment from the IFoA on pensions reform; The Institute and Faculty of Actuaries (IFoA) believes it is essential for both the Funding Code and the Regulations supporting defined benefit (DB) pensions to be consistent […]

Insurance Regulation

Hunt Statement: More Industry Thoughts on Solvency II

The reforms of Solvency II rules seems to be popular, here’s some more reaction from IFoA; Matt Saker, IFoA President, said: “We support the government’s ambition to remove unnecessary restrictions in the use of the […]

News

Mini Budget 22: Is The UK Finance Sector Over Regulated?

The UK’s overly complex regulatory environment has suffocated the ability of financial services firms from gaining a competitive edge, according to Parliament Street, the Westminster think tank. In a stinging attack on the failures of the […]

Insurance Regulation

Solvency II Reforms Will Free Up Investment Cash

Solvency II shake-up: are insurance executives ready for a wave of post-Brexit investment? This Opinion article by Gayatri Raman, President Europe and Asia, Clearwater Analytics takes a look. They say good things come to those who […]

ABI reaction to new Ogden rate
Legal

Govt Decides To Forget Any Further Whiplash Reforms

The UK government has published a second part of its consultation on whiplash reforms. In essence, their decision is to er…do nothing. Yep, the DVLA approach. Here’s some reaction from various stakeholders; Credit Hire Organisation […]

Insurance Regulation

Expect In-House Opposition to UK Solvency II Reform

This is one we missed earlier in the week, but it’s worth thinking about the competitive advantage that UK insurers might have, once we are free from Solvency II regulations. The prize is a genuinely […]

Insurance claims

Call For Clarity on Credit Hire in MoJ Guidelines

Commenting on the publication of the OIC consumer guidelines [Guide To Making A Claim] (i) Kirsty McKno, managing director of Cogent Hire, part of handl Group, said: “The new portal was always going to be […]

ABI reaction to new Ogden rate
Insurance claims

Covid Reduced Car Accident Claims, Not Whiplash Reforms

Following an FOI request from ACSO (The Association of Consumer Support Organisations), the accident claims statistics for January to March 2021 have been released by the government’s Compensation Recovery Unit (CRU). Commenting on the release […]