News

Comment: Campaign Against Comparison Websites Essentially Unfair

The FCA has just launched an investigation into home and motor insurers on pricing. Tony Tarquini, Director of Insurance, EMEA, Pegasystems believes the intense criticism that insurers receive is unfair when you consider the economics of selling personal insurance […]

News

Citizens Advice Super Complaint Could Cause Contents Insurers Big Problems

Reaction across the industry shows that the Citizens Advice super-complaint to the Competition and Markets Authority, over the penalties loyal customers face in terms of higher premiums has the potential to create a major problem […]

Insurance claims

ABI Responds to FCA Proposals Over Travel Insurance Cover

Today’s news media has covered the stories of those who have suffered serious, life-threatening illnesses and then – despite having the all-clear – find it impossible to obtain travel insurance at a reasonable cost. The […]

Investment

Honcho Secures FCA Approval and Staffs Up for Launch in Autumn 2018

THE UK’S first online reverse auction marketplace for financial services, honcho, which recently secured £830,000 of investment, is undergoing a new stage of growth and has received formal authorisation from the Financial Conduct Authority (FCA). Due to […]

Household Insurance

Pegasystems Response to FCA Investigation into Home Insurance

Responding to the announcement that the FCA is to carry out a detailed investigation into the cost of home insurance when it comes up for annual renewal, Tony Tarquini, Director of Insurance EMEA, Pegasystems, explains that […]

Insurance Regulation

RAC Rapped by FCA Over Renewals Compliance – Are We At a Turning Point?

The RAC has been reprimanded by FCA, (Financial Conduct Authority) over its failure to make previous breakdown costs prominent and crystal clear, when inviting customers to compare prices, and then take up insurance and breakdown […]

Big Data

Data Hacking on The Rise, Says RSM Consulting

New figures from the FCA show that reported data hacking attacks against financial services companies have quadrupled in the last year.  The new statistics, contained in a freedom of information response to audit, tax and […]

Emerging Risk

Cyber Attacks in Finance and Insurance Sector Rise by 80%

The number of cyber-attacks against financial services companies reported to the Financial Conduct Authority (FCA) has risen by more than 80 per cent in the last year. In 2017, 69 material cyber incidents were reported […]