Insurance Regulation

Motor Claims Handling Needs Improvement, Says FCA

The latest thinking from the FCA could pave the way for stricter regulation on claims; timescales, percentages of estimated values and credit hire costs. Here’s the word; The Financial Conduct Authority (FCA) has recently revealed […]

Opinion

Premium Finance and The Law of Unintended Consequences

This piece is by Sarah Vaughan, Director, Angelica Solutions The FCA’s market study into premium finance may be well intentioned, but as with many regulatory interventions, the risk of unintended consequences looms large. In seeking […]

Insurance Regulation

FCA Reforms To SMCR, Plus Comment & Analysis

Here’s the latest from the FCA, plus some reaction from the industry; In the first phase of reforms to the Senior Manager Certification Regime (SM&CR), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) […]

Insurance Regulation

FCA Fines Monzo £21m

The latest from the FCA, comment from Monzo below; The Financial Conduct Authority (FCA) has fined Monzo Bank Ltd £21,091,300 for its inadequate anti-financial crime systems and controls between October 2018 and August 2020. Monzo […]

Insurance Regulation

Comment From the IUA on Simplifying Insurance Regs

The latest from the IUA for you; New plans to reduce the regulatory burden on insurers have been backed by the International Underwriting Association (IUA). The representative body for companies in the London Market has […]

Insurance Regulation

Jail Time For Crypto Fraudsters After FCA Takes Action

The latest case report from the FCA; Two individuals have been sentenced to a combined 12 years of imprisonment for their roles in a £1.5m crypto fraud following a prosecution brought by the Financial Conduct […]