Regulation
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NewsIUA among organisations to slam FCA’s ‘name and shame’ plans
’Early disclosure of unverified facts and negative media coverage could create a prejudicial environment with guilt presumed,’ says director
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News AnalysisBriefing: If claims is the shop window, I’m not buying
Industry must improve its communication with customers to mitigate flood of FOS complaints
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NewsFrench embedded insurer gets FCA approval for UK operations
’We’re delighted to have successfully navigated the stringent FCA and PRA processes,’ says group chief executive
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NewsThe biggest people moves announced this week
Insurance Times rounds up the biggest appointments from this week
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NewsFCA dispels profits myth about Consumer Duty
’We wanted to set higher and clearer standards and want firms to put their clients first,’ says director
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News‘More clarity’ needed from regulators over AI
’Companies are willing to put investment in again and there are exciting developments on the horizon for AI,’ says deputy chief executive
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NewsFCA to explore big tech opportunities for insurance industry
’Big tech’s growing emergence in financial services has already made life easier for consumers,’ says chief executive
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News'Record breaking’ amount of IPT collected as premiums rise
’Reducing or removing IPT would be a step in the right direction,’ says head of insurance consulting
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News AnalysisThe Big Question: What are the biggest challenges set to hit brokers in H2 2024?
Insurance Times asks experts about challenges brokers face and what can be done to mitigate evolving threats
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News AnalysisComplaints handling not up to scratch as complaints volumes soar
Consumer Duty has placed a greater spotlight on complaints data, however findings for UKGI show that ‘more than a third of cases’ are being overturned by the ombudsman
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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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NewsRegsearch plots UK launch following AI partnership
’Our goal was to build a mainstream regulatory compliance solution that millions of people could use,’ says founder and chief executive
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NewsNapo ‘first pet insurer’ in UK to offer medical cover for XL Bullies
’We decided to create this policy after speaking to several pet parents who’ve struggled getting access to healthcare,’ says chief executive
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NewsFCA reveals findings of review into travel insurance signposting rules
’Many people facing serious medical conditions struggle with the cost of travel insurance,’ says executive director
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News AnalysisIs travel insurance next on the FCA’s radar?
The regulator’s approach to Gap insurance has signalled its enforcement style for 2024 – but could travel policies ‘riddled with caveats’ be the next product under the fair value spotlight?
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NewsFCA identifies ‘areas for improvement’ in insurers’ valuation of vehicles
The findings of the regulator’s multi-firm review have identified some failings in motor total loss claims
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News AnalysisTechTalk: Impact of simplified R&D scheme for insurtechs and startup brokers is ‘yet to be seen’
Brokers and MGAs investing in software that is new, improving a process or addressing an uncertainty could benefit from R&D tax relief
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NewsSupreme Court unanimously rejects insurers’ mixed injury appeal
People with mixed injury claims can claim full common law compensation for their non-whiplash injuries at the same time as the statutory tariff payment for whiplash, the court has ruled
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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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News AnalysisUK has ‘right approach’ to AI versus EU’s legislation
’The real risks are with the use of AI, not with the technology itself,’ says chief executive
