Regulation
D&O rate increases hit 77.3%, reports Marsh
Company warned that there is no end in sight to the recent rate hikes in the sector.
News analysis: Are brokers still in love with Gibraltar insurers?
The recent run of Gibraltar-based insurer insolvencies has made the headlines, but the low tax and light-touch regulations in the jurisdiction attract UK businesses and insurtech start-ups. Martin Friel investigates why brokers are still dealing with…
Blog: Is your firm ready for the SMCR?
Nick Elwell-Sutton of Clyde & Co outlines the steps that brokers need to take to comply with the impending regulation.
FCA issues fresh warning on broker remuneration
Regulator issued new guidance on how brokers and providers can best serve customers.
FCA and PRA seek to ban and fine former insurance CEO
A joint investigation by the regulators found that between February 2010 and July 2016 Stuart Malcolm Forsyth transferred excessive amounts of his own salary to his wife, and as a result paid £18,000 less in income tax than he should have done.
FCA staff slammed for "shameful" behaviour
Watchdog responds to "unacceptable behaviour" as internal letter reveals "minority of colleagues" in the regulator's Olympic Park HQ have been defecating on the floor, stealing plants and abusing security and catering staff, according to reports.
Biba launches guide to no deal Brexit
Organisation created the guide with KPMG as a follow-up to last year's Brexit navigator.
Nearly half of brokers unaware of SMCR, research finds
Senior Management and Certification Regime (SMCR) will apply to insurance intermediaries from 9 December 2019.
CMA’s investigation into Compare the Market sees timeline extended
Investigation centres on clause included in the aggregator’s home insurance contracts which may potentially cause consumers to miss out.
Brokers warn dual pricing debate should not focus solely on price
Experts say the FCA should also consider value and quality of service, after the regulator hinted at a potential ban on dual pricing in its interim report.
Broking success: Adam Scott, Amicus Insurance Solution’s founding director and owner
Going for growth: Amicus Insurance Solution’s founding director and owner Adam Scott tells Insurance Age about how his firm is breaking into the North England market
FCA denies dragging feet on dual pricing
Christopher Woolard outlined the findings of the regulator’s general market study into pricing and pledged to examine industry impact of the recommendations.
Market warns of "unintended consequences" following FCA dual pricing study
The sector has welcomed further consultation on the proposals which include a potential ban on dual pricing.
Broker Week: Using technology to thrive
Liz Foster of the CII’s Society of Insurance Broking explores how broker tech can be an enabler of change.
FCA updates temporary transitional power directions ahead of Brexit
Regulator says firms do not generally need to prepare now to meet the changes to their UK regulatory requirements connected to Brexit.
The Society of Insurance Broking reveals plans for the next year
Fair treatment of vulnerable customers will continue to be at the top of the agenda for the CII-led society according to its NED, Liz Foster.
FCA pushes back publication of dual pricing report
New publication date of the research is October 2019 and the completed report is due during December 2019.
Quizzical questions: 6 September 2019
Test your knowledge of the week's news with our topical quiz.
FCA announces chair of small business practitioner panel
Marlene Shiels OBE will succeed Craig Errington as the panel’s chair on 1 October.
Research uncovers SME worries over regulation and cyber
Independent research published by Allianz highlighted the wider role of the broker.
FCA urges CMCs to raise advertising standards
The watchdog, which took over regulation of claims management companies in April, says it has found widespread bad practice after reviewing 200 CMC adverts.
Is the industry doing enough to stop ghost broking?
With ghost broking back in the news, commissioning editor Laurence Eastham asks a panel of five experts what the industry can do to tackle the problem.
ABI revises criminal convictions guide
The guide has been updated in line with regulation and market practice.
Google: Brokers are an important part of the value chain
We talk with David Black, MD financial services at Google UK, about how the tech giant sees insurance evolving, disruption, and the place for brokers in a tech-led world.