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 annuities. Between July 2008 and September 2017, Prudential’s non-advised annuity business focused on […]
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 one form of insurance cover and […]
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 who have not prepared appropriately […]
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 instantly, sometimes in a basket of currencies, by a […]
AmTrust North America has selected Compliance Education Institute’s (CEI) 3rd Party Toolbox™ vendor management solution to assess and manage third party risk. 3rd Party Toolbox provides advanced functionality with exceptional ease of use, resulting in a powerful end-to-end vendor […]
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 important legislations affecting the financial sector – in a […]
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 getting a rebuild valuation done once, and […]
Although the UK may not ever leave the EU, at least as far as financial regulatory matters are concerned, it’s worth thinking about where your insurance company is domiciled, in the longer term. Guernsey reinsurance […]
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