Latest from the FCA, with a special emphasis on GAP insurance; The Financial Conduct Authority (FCA) has written to insurers warning that more action must be taken to ensure good consumer outcomes. In letters sent to all insurance firms, the […]
The Bank of England, via the Prudential Regulation Authority, has sent a letter to insurers, after stress tesing was carried out in 2022. Generally, the marks are pretty high, although the PRA notes that cyber […]
AXA is one of the signatories of an open letter to the UK Prime Minister, calling for a new set of laws and rules governming automated – or more accurately, ADAS equipped – vehicles. The […]
The UK government is keen to encourage more investment in the UK from pensions funds, many of which are managed by insurance companies. It is wise to invest in UK based companies, espcially those in […]
The FCA has published an open letter today to all UK insurers, which notes that most Business Interruption policies do NOT have pandemic cover included. But the regulator states that where there is pandemic or […]
The recent letter sent by the FCA to insurers regarding their portfolio of products, how customers make buying decisions and the crucial issue of pricing for loyal customers renewing policies, when compared to rates offered […]
In the wake of the Ministry of Justice setting a new Discount Rate of minus 0.25%, Director General of the Association of British Insurers, Huw Evans, has written a letter to Lord Chancellor David Gauke […]
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