Insurance Regulation

Fair Value Report Could Help With Competitor Benchmarking

The word from Fairer Finance; Fairer Finance has launched a Fair Value Report tool to allow financial service firms to assess the value offered by their products by benchmarking them against the wider market, showing […]

Insurance Brokers

FCA Issues Guidance on Consumer Duty to Advisers

The interpretation of the Consumer Duty is a tricky issue for both the FCA and the insurance industry. What is “fair” is ultimately an opinion, which needs to be broadly shared between consumers and those […]

News

Most GAP Insurance Sales on Pause, As FCA Considers Next Move

A day of reckoning has been widely predicted across the insurance sector after the FCA announced it was taking stock of the interest rates applicable on car leasing and other car finance options. The feeling […]

Insurance claims

Recycling Company Fined Over £2m After Fatal Accident

The latest case report from the HSE; A recycling company has been fined £2.15million after an agency worker was killed by a loading shovel at its site in Hartlepool. Dean Atkinson lost his life when […]

Opinion

Consumer Duty: Are We Getting Fairer Finance & Insurance Deals?

Six months since the introduction of the FCA’s Consumer Duty, James Daley, managing director of consumer group and ratings provider, Fairer Finance, reflects on the impact so far and what we can expect in the […]

Opinion

Some Thoughts on Consumer Duty Principle 12

Some insights from Gallagher Bassett UK; The Financial Conduct Authority (FCA) introduced a significant regulatory change in the UK insurance industry on 31st July 2023. The new Consumer Duty Principle 12, replacing ‘Principle for Businesses 6’, […]

News

The Economic Crime and Corporate Transparency Act 2023: Full Steam Ahead.

Amy Nesbitt, Partner, Weightmans LLP, and member of the D&O FOIL Sector Focus Team takes a look at the implications of the ECC Act for insurers. On 26 October 2023, the Economic Crime and Corporate […]

News

Refreshed, Rebooted; New Look For Academy Insurance

Academy Insurance Services has refreshed its brand and logo as the business gears up for delivering its growth strategy following an MBI/MBO in July with a significant investment by private equity investor Blixt. Richard Beaven, […]