FCA Guidance on Debt Could Affect DD/Monthly Insurance Policies
The Financial Conduct Authority (FCA) has today proposed a range of targeted temporary measures designed as a stop-gap to quickly support users of certain consumer credit [...]
regulation
GlobalData Report Sees Downturn in Japan’s Motor Insurance Market
Motor insurance, which is a dominant business line in the Japanese general insurance market, is set to witness stagnation over the next four years due to the coronavirus [...]
India: IRDAI Stands Firm on Corona Claims – Insurers MUST Pay Up
India’s insurers are braced to expect a raft of claims as Coronvirus sweeps across the country, and the regulator IRDAI insists that healthcare and hospital claims WILL [...]
Compliance: Ohalo X-Ray Tool Performs Rapid GDPR Data Sweeps
EU GDPR rules mean any insurer, broker or MGA has to be careful with customer data; how you gain consent, store it, then ultimately delete it one day. Failure can result in a [...]
Will GDPR Fines Increase in 2020? Beazley Has Been Doing Some Research
With the introduction in May 2018 of the European Union’s (EU) General Data Protection Regulation (GDPR), 2019 was expected to be the year of enforcement, with regulators [...]
ACORD Standards Group Holds First London Meet-Up
ACORD, the global standards-setting body for the insurance industry, has announced the formation and inaugural meeting of the ACORD London Advisory Board. The ACORD London [...]
FCA Mulling Over AI Policy Writing, Loyalty Penalty at Renewal Time
The FCA has published an update on its key areas of interest as regards new rules and regulations, one of which is insurance renewals. Action is still likely on the `loyalty [...]
BPL Global Publishes Market Insights Report, Will Oil Be Targeted Like Coal?
Specialist CPRI broker, BPL Global, has today published its annual Market Insight reportrevealing that the oil, mining, metals and extractive industries continue to make up [...]