Insurance Regulation

FCA Action Against Xcore Highlights Investment Scam Risks

Following an application by the FCA, the High Court, on 14 May 2019, declared that Xcore Capital Limited (Xcore) and Jonathan Chitty had carried on an unauthorised investment scheme. The scheme took in at least […]

Insurance Regulation

FCA Warning on Fake Investment Scams

The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms. This warning comes as crypto-assests (crypto) and forex investment scams reports more […]

InsureTech

Future Tech: Driverless Cars Must Be Resistant to Cyber Attack, Says ABI

Vehicles should have a sufficient level of security to guard against cyber attacks before they are allowed to be used in fully autonomous mode, the insurance industry urged at a conference. Setting out suggested criteria […]

Insurance Regulation

Market Snapshot: South Africa is Ripe For Change Via PAYG Insurance Apps

In this series of features, Insurance Edge will be looking at different countries and trying to find out what the big trends are in local terms, the major companies active and the popular types of […]

Insurance Regulation

FCA Say Complaints About Banks & Insurers Down by 5% in 2018 H2

The Financial Conduct Authority (FCA) has today published the complaints figures for regulated firms for the second half of 2018. During the second half of 2018 (2018 H2), complaints decreased by 5%, falling from 4.13m […]

Insurance Regulation

Regulatory: Auger GDPR Warning to Companies Using Legacy Systems

Leading insurance tech specialist Auger is calling for increased protection of data across the industry almost a year after the introduction of GDPR. Neil Wilks, Head of Tech for Auger, said: “Customer data should be […]

Insurance Regulation

FCA Report: Industry Reaction to Findings on Insurance Distribution

The FCA issued a report on the distribution of insurance products from the General Insurers, via the MGA and broker networks. In particular the FCA looked at whether consumers were getting the right information, and […]

Insurance Regulation

Regulatory: FSCS Extends Deadline on Alpha Liquidation & Cover

The Financial Services Compensation Scheme (FSCS) has further extended the deadline for CRL Management to find an alternative insurer to provide replacement cover for Alpha latent defect and structural damage insurance policyholders whose policies terminated […]