Regulation – Page 8
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News AnalysisBriefing: Has Lloyd’s really banned underwriters from insuring state-backed cyber attacks?
Attribution, degree of damage and the insured’s ability to bounce back are all challenges that cyber insurers must continue to wrestle with
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NewsThe key lesson learnt as OIC portal reaches two-year milestone
’One thing we have learned is that reforms of this complexity need in future to be implemented only when processes have been properly stress-tested,’ says executive director
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NewsCustomers confused by financial communications ahead of Consumer Duty – Definition Group
’Financial organisations must conduct research to better understand the context in which their customers make financial decisions,’ says head of research
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NewsInsurers urged to understand market position ahead of Consumer Duty regulation
Head of strategy says many insurers ’lack insight’ on market position
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NewsConsumer Duty creating ‘further doubt’ amongst professionals offering GI
’There is an increasing need to offer a holistic service to customers,’ says head of HR and compliance
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News AnalysisSimon Collings: Market in transition as underwriters become more aggressive
The insurance sector is seeing signs that point towards ‘a market in transition’, says managing director
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BIBAFCA urged to act over ‘unacceptably high’ regulatory burden on brokers
’The FCA and government must look again at how the regulatory costs can be reduced,’ says chief executive
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News AnalysisBriefing: Industry looks set to quickly answer Treasury’s call
It is unlikely that insurers and brokers will miss their chance to have their say, says Jon Guy
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NewsPeople ‘in dark about benefits’ of legal expenses insurance
Legal expenses insurance is ‘vital’ for access to justice, according to report
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IT InterviewChris Haggart: Networks have ‘prominent’ role to play in supporting insurance intermediaries
’There are a huge amount of competing pressures and it’s important to have a partner who can support you through that,’ says chief executive
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NewsFCA Consumer Duty clampdown triggers surge in product benchmarking
‘Our data shows providers have been busy making sure that their products are fit for the consumers they’re being sold to’, says head of insight and consulting
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NewsBiba urges sharing of property commission ban to be brought forward
Chief executive says move will create a ’level playing field and avoid an early movers penalty’
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NewsGove ‘outraged’ as FCA reveals increase in broker leasehold remuneration
’Leaseholders are being badly let down,’ says Levelling Up, Housing and Communities secretary
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NewsFCA sets out new protections for leaseholders in multi-occupancy leasehold buildings insurance market
‘We won’t hesitate to taker further action if brokers don’t comply with our rules,’ says regulator
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News AnalysisBriefing: FCA must accelerate its authorisation process for new brokers
While the regulator must complete careful audits of new firms, the time periods being reported must improve
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NewsDrone opportunity for insurers amid ‘explosion’ in uses?
’I am sure we will all be using apps for drone operators offering services of a scope unimaginable a decade ago,’ says leader
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NewsHeavy Consumer Duty investment among FCA priorities for coming year
In its business plan, the regulator says it will invest £5.3m in Consumer Duty to ensure it is ’embedded effectively’
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News AnalysisFOS complaint volumes surge as Consumer Duty deadline looms
With the implementation deadline for the new Consumer Duty regulations fast approaching, Insurance DataLab analyses the latest ombudsman complaints figures to see how the industry is performing
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News AnalysisIn Focus: Consumer Duty presents ‘huge opportunity’, but implementation has not been smooth
With the 31 July 2023 deadline fast approaching, can the general insurance sector properly grasp the opportunities new regulation offers?
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News AnalysisBettina Roth: Spearheading innovation on the Isle of Man
The Isle of Man’s Financial Services Authority’s chief executive says she hopes more insurtechs will do ’funky exciting things’ on the island
