FCA Report on Insurance Pricing – Where is The Loyalty Bonus?
The FCA has today published the interim report of its market study into the pricing of home and motor insurance. The FCA found that competition is not working well for all [...]
regulation
Pension Sale Regulation: FCA Dishes Out £23m Fine to The Pru
The Financial Conduct Authority (FCA) has today fined The Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of [...]
YouGov Survey Finds Most Brits Believe Insurers Dodge Paying on Claims
New YouGov research shows that when it comes to public perception of the insurance industry, the majority of Brits have a negative view. Currently, most Brits hold at least [...]
Regulatory: FCA Steps Up Efforts to Prep Insurers for Possible Brexit
The Financial Conduct Authority (FCA) is stepping up its efforts to ensure firms are aware of what they need to do prepare for the potential of a no-deal Brexit. Firms [...]
Touma FX Fine is a Red Flag For Insurance Sector – Follow The Money
One important aspect of insurance compliance is being aware of money laundering, and genuinely knowing your customer. In an era when international payments are being sent [...]
Supplier News: AmTrust Chooses CEI to Manage Third Party Risk
AmTrust North America has selected Compliance Education Institute’s (CEI) 3rd Party Toolbox™ vendor management solution to assess and manage third party risk. [...]
Regulatory: FCA Issues Delay to Secure Customer Authentication Process
Today, the UK’s Financial Conduct Authority (FCA) has confirmed an 18-month delay to the introduction of Secure Customer Authentication (SCA) rules – one of the most [...]
Opinion: It’s Time To Regulate Commercial Building Valuations
In this Opinion piece, Rebecca Fuller, Managing Director, Valuation Advisory at Duff & Phelps, looks at the problem of under-insurance and how to solve it. The days of [...]