Insurance Regulation

FCA Issues Warning on Motor Finance Commission Claims

The latest from the FCA for you; The Financial Conduct Authority (FCA) and Solicitors Regulation Authority (SRA) have recently issued a joint warning to claims management companies (CMCs) and law firms involved in motor finance commission claims to make sure consumers don’t have […]

Insurance Regulation

Lloyds Banking Group Fine: Comments From Northdoor

Here are some thoughts from Northdoor, after a recent compliance issue on sanctions; The £160,000 fine against Lloyds Banking Group shows how small data discrepancies can undermine sanctions screening and why financial institutions must adopt […]

Insurance Regulation

Latest Review of Pay Monthly Insurance Plans From the FCA

The latest from the FCA who are seeing lower interest deal on pay-monthly premium deals; People who pay monthly for their insurance are saving around £157m a year, with over half the firms the Financial […]

Insurance Regulation

FCA is Looking at Ways to Close Protection Gap

Here is the latest from the FCA, as take-up on Life/Illness continues to decline as the welfare state expands; The Financial Conduct Authority (FCA) has called on the insurance industry to help more consumers access […]

Insurance Regulation

Ferma Publishes Response to EU Public Procurement Directives

Some thoughts from FERMA on the EU Procurement Directives for you; FERMA has recently published its response to the European Commission’s public consultation on the revision of the EU Public Procurement Directives (PPD), calling for […]

Insurance Regulation

FCA Launches Mills Review on AI Impact Across Financial Services Sector

There is no doubt that AI and automated systems will have a major impact on banking, insurance and mortgages in future. How new rules are set, how people can appeal decisions, the ground rules of […]

Insurance Regulation

Apollo CCO is Appointed to LMA Board

Quick appointments update for you; Apollo, a Skyward Group Company (Nasdaq: SKWD), is pleased to share that Vinay Mistry, Chief Commercial Operations Officer, has been appointed to the Lloyd’s Market Association (LMA) Board, effective from […]

Insurance Regulation

Which? Super-Complaint: FCA Response Highlights Need to Look Beyond Claims Handling

Some insights here from BCIS; The Financial Conduct Authority’s (FCA) response to the Which? super-complaint on home insurance claims reinforces the need to look beyond claims handling alone, with the Building Cost Information Service (BCIS) […]