Regulation – Page 9
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News AnalysisIn Focus: How will Solvency II reforms affect general insurance?
Industry experts chime in on the advantages and risks of Solvency II
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NewsFCA appoints new enforcement directors as it looks to become ‘more assertive’
The new executive committee will bring a ‘highly complementary skillset,’ says chief executive
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NewsFCA sends Consumer Duty survey to cross-sector firms
The regulator is seeking views on its new regulatory framework prior to implementation in summer
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NewsBank of England warns insurers of capital ‘uncertainty’ over climate risks
The regulator warned the ’uncertainty represents a risk appetite challenge for micro and macroprudential regulators’
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NewsDirectors and insurers warned ESG litigation set to snowball
‘ESG is a business imperative for every company,’ warned partner
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Sponsored ContentOne year on from the general insurance pricing practices regime implementation – Pearson Ham
Stephen Kennedy, director of insurance pricing at Pearson Ham, reviews the impact of the FCA’s pricing practices reform on premiums in the last year
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NewsOpportunity for Solvency II reform is ‘significant’ – Amanda Blanc
Aviva plans to ‘invest more into UK infrastructure’, says group chief executive
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NewsCompanies at risk of legal action amid likely PFAS clampdown, warn lawyers
There are growing concerns over the impact of the chemicals on human health
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News AnalysisBriefing: Interpreting ‘beast’ of regulation is ‘battle’ due to unclear FCA communications
Insurers understand that regulatory compliance can be ‘painful and time consuming’ for brokers, but they believe that greater collaboration can reduce the admin burden
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NewsInsurance sector breaking down barriers to data science integration
While insurance has been viewed as ‘behind the curve’ on AI adoption, a ‘significant’ amount of effort has been made to upskill, says technical product lead
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NewsAutonomous vehicles will allow insurers to become ‘disruptors’
‘This is an amazing opportunity for the insurance industry,’ explained autonomous expert
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NewsBrokerFest 2023: Clarity and focus key to navigating economic headwinds
Those firms without a clear purpose will find the market ‘a harder place’, says partner
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NewsBrokerFest 2023: Consumer Duty ‘not going anywhere’ but GI sector has head start on other financial services – FCA
’Quite a bit of the essence of Consumer Duty is already present in the insurance broker market,’ says regulator’s director of general insurance
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NewsInsurers’ appeal over court’s hybrid injury decision criticised as case backlog mounts
Industry commentator believes ‘insurers seem to be cutting off their nose to spite their face’ with move to disagree Court of Appeal finding
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NewsBrokerFest 2023: FCA set to address fair value assessments and Consumer Duty at 2023 event
The one-day, London-based conference will kick-start with a detailed discussion on regulation
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NewsInsurers must work together to improve consumer trust if they are to avoid outside regulation – ACSO
Insurers demonstrating that they can collaborate effectively on claims would mitigate the need for potential government involvement, says executive director
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NewsJustice Committee requests evidence on impact of whiplash reform
The parliamentary committee wants to investigate the impact of governmental reforms
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NewsIsle of Man Financial Services Authority set to launch new innovation hub
The regulator thought the hub would be a ’nice way to formalise the relationship’ with insurtechs on the Isle of Man
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NewsPRA to consult on new rules to support struggling insurers
The regulator’s aim is to clarify the support available to insurers when they hit financial difficulty
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IT InterviewSimon Pickering: Technology must put the ‘customer and broker first’
The Isle of Man’s insurtech accelerator programme aims ’to protect and sustain’ insurance on the island, says head of insurance and pensions
