Insurance Regulation

IAM Criticises System That Allows 11,000 Drivers With 12 Points Or More on Roads

IAM RoadSmart has expressed its frustration that six years after calling for action, more than 11,000 drivers a year are still being legally allowed on the roads with 12 or more points on their licences. […]

Insurance Regulation

Market Snapshot: South Africa is Ripe For Change Via PAYG Insurance Apps

In this series of features, Insurance Edge will be looking at different countries and trying to find out what the big trends are in local terms, the major companies active and the popular types of […]

Insurance Regulation

FCA Say Complaints About Banks & Insurers Down by 5% in 2018 H2

The Financial Conduct Authority (FCA) has today published the complaints figures for regulated firms for the second half of 2018. During the second half of 2018 (2018 H2), complaints decreased by 5%, falling from 4.13m […]

Insurance Regulation

Regulatory: Auger GDPR Warning to Companies Using Legacy Systems

Leading insurance tech specialist Auger is calling for increased protection of data across the industry almost a year after the introduction of GDPR. Neil Wilks, Head of Tech for Auger, said: “Customer data should be […]

Insurance Regulation

FCA Report: Industry Reaction to Findings on Insurance Distribution

The FCA issued a report on the distribution of insurance products from the General Insurers, via the MGA and broker networks. In particular the FCA looked at whether consumers were getting the right information, and […]

Insurance Regulation

Regulatory: FSCS Extends Deadline on Alpha Liquidation & Cover

The Financial Services Compensation Scheme (FSCS) has further extended the deadline for CRL Management to find an alternative insurer to provide replacement cover for Alpha latent defect and structural damage insurance policyholders whose policies terminated […]

Insurance Regulation

ABI Proposes Reforms To Salvage System to Prevent Write-Off Fraud & Theft

Six loopholes in the salvage system which need to be addressed are being set out by the ABI’s Director of General Insurance Policy, James Dalton, at a speech to the salvage trade body today. The […]

Insurance Regulation

Regulatory: FCA Warns GI on Providing Value Throughout Distribution Chain

Insurance is a product that is often sold on commission, or has two or three companies involved in underwriting risk, managing a broker network or working with comparison websites. The FCA want to make sure […]