Politics
Brokers speak out on regulatory burden
MP reopens debate over the effect of increasing regulation on small brokers
Smaller brokers are being pushed out of market, says MP
Politicians and Biba criticise FCA for burden of regulation on insurance brokers.
MP criticises distorted FCA funding in Parliament
Former broker Craig Tracey MP says FCA regulation of the insurance industry is not proportionate.
FCA, FOS, FSCS branded “not fit for purpose”
MPs raise Early Day Motion in Parliament.
Moorhouse plans £2m expansion in Wales
Broker targets nearly 90 new jobs and has secured £550,000 from the Welsh government.
Biba teams up with government on cyber
Trade body, ABI and government also continues agreement to improve transparency for older customers.
Broking Break – Your Top Five
In a busy week for insurance which stories did your clicks put in the top five most read?
Mis-selling broker director banned for 11 years
David Stuart Picton from My Cover disqualified for mis-selling insurance policies.
Stephen Catlin: We need a CyberRe
Catlin says exposure is too big for insurers to be able to respond.
ABI 2015: Driverless cars to change insurance landscape
RSA's Steve Lewis says it is impossible to understand the ramifications of where technology is heading.
ABI 2015: Government recognises challenges of IPT rise
David Gauke MP also mentions innovation and adapting to technology as key steps going forward.
Applied Net 2015: Ex-US secretary of state Albright raises cyber concerns
Former US secretary of state Madeleine Albright described cyber risk as an inevitable consequence of global technological development in a period of “chronic uncertainty” around the world.
Una survey finds upcoming IPT hike already hitting buying patterns
Research also reveals almost half of consumers remain unaware of November’s tax rise.
Driverless cars to get £20m government funding
A code of practice for testing has been launched to help put the UK at the forefront of the market.
Craig Tracey MP plans to promote small businesses
The former Dunelm Insurance Brokers owner says government needs to understand the impact of regulation on small independent brokers.
LMA and IUA publish Insurance Act guide
Guide details changes and potential challenges brought about by the Act.
Brokers face tax on lead generation
Taxman’s decision to impose VAT on online and marketing services by IARs could cost industry
Biba 2015: Biba and Mactavish launch Insurance Act 2015 guide
Experts to explain the implications of the Act to brokers at the Biba Conference.
Brokers sign letter backing Tories
The letter, signed by 5,000 small business owners, was sent to The Telegraph.
Government teams up with Marsh on cyber risk
Marsh and the government launch report aiming to make the UK a global hub for cyber insurance.
The Insurance Bill: What brokers need to know
Terry Renouf, partner at law firm BLM, picks out some key points from the Insurance Bill, and outlines some of the details brokers need to know about.
White outlines Biba’s achievements in 2014
Biba boss Steve White looks back on 2014 and considers how the government is working to combat fraud.
Red Apple to expand and create jobs in Wales
The broker, focused on products including cyber attack protection, receives £160,000 from the Welsh government.
Talking points in 2015
The upcoming year will bring more of the same as the last 12 months and there will be a few big issues to deal with over 2015, says Tony Cornell