Insurance & Reinsurance

PSD2 Regs Just One Month Away, Authenticating Customers is Essential

In one month’s time, the UK will reach the Financial Conduct Authority’s (FCA) six-month delayed deadline for the implementation of PSD2, and Strong Customer Authentication (SCA) will finally be enforced for online banking. Strong Customer […]

Insurance Regulation

Aon Signs Up Kyobo Life to Its PathWise Platform

Aon has announced that Kyobo Life has successfully implemented its PathWise high performance computing platform in preparation for the IFRS 17 and K-ICS financial reporting regimes. The South Korean life insurance company firm embedded PathWise […]

Fraud

IBC and CANATICS Join Forces To Help Insurers Fight Fraud

The Insurance Bureau of Canada (IBC) Board of Directors recently agreed to create an industry advisory group, to ensure a smooth transition of anti-fraud services to a single entity. Currently, two entities, IBC and Canadian […]

Insurance Regulation

Kirby Vacuum Loses Appeal Over Lending Rules Breaches

Here’s the latest from the FCA, who have been trying to regulate the sale of Kirby vacuum cleaners, which have often been featured in various BBC Watchdog, Rip-Off Britain, Which? magazine and other consumer programmes. […]

Insurance & Reinsurance

FCA Action on Pricing May Cause Legacy Systems Headache for Insurers

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 […]

Insurance Regulation

FCA Looks to Revamp Data Strategy for the 2020s

The Financial Conduct Authority (FCA) and the Bank of England (Bank) today outlined their plans to develop their data and analytics capabilities. Both authorities depend on access to high-quality data to fulfil their respective missions […]