The Financial Conduct Authority (FCA) has been trying to tackle the mis-selling of insurance throughout all channels, bringing in measures to enforce greater transparency around products, but its latest report outlines that significant potential for customer harm remains
11 Apr 2019
01 Apr 2019
FCA regulation came into force today to control the activity of claims management firms, ensuring they don't use pressure selling techniques, make fraudulent claims or exclude information about free financial compensation schemes
20 Mar 2019
Memorandums of understanding between the UK and EU aim to create a smooth transition of insurance activity if a no-deal Brexit occurs, but their powers are questionable and British insurers must rely on the governments of the EU 27 instead
18 Mar 2019
Bosses from data and analytics firm LexisNexis Risk Solutions tell Peter Littlejohns what they believe the future trends will be as the industry increasingly adopts IoT and big data in its processes. A Compelo Insurance long read
15 Mar 2019
The UK's Financial Conduct Authority (FCA) has fined The Carphone Warehouse over £29m for mis-selling Geek Squad mobile phone insurance to its customers between 2008 and 2015.
07 Mar 2019
The Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and European Insurance and Occupational Pensions Authority (EIOPA) have agreed Memoranda of Understanding (MoUs) to cooperate in case of no-deal Brexit.
04 Feb 2019
UK financial regulatory body, the Financial Conduct Authority (FCA) has outlined how it would use the temporary transitional power in the event the UK leaves the EU without an agreement.
22 Jan 2019
The prospect of a no-deal Brexit has created uncertainty for the insurance market and could have wide-ranging implications on the industry
16 Jan 2019
The New York State Department of Financial Services (NY DFS) has approved China Oceanwide’s $2.7bn proposed acquisition of Virginia-based insurance firm Genworth Financial, making it the final insurance regulatory approval.
13 Dec 2018
The US and the UK have agreed to sign a post-Brexit insurance trade agreement, covering prudential measures regarding insurance and reinsurance trading between the two countries.