Analysis

Briefing: Interpreting ‘beast’ of regulation is ‘battle’ due to unclear FCA communications

By 2023-03-08T13:18:00

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Insurers understand that regulatory compliance can be ‘painful and time consuming’ for brokers, but they believe that greater collaboration can reduce the admin burden

Since joining Insurance Times in October 2019, broking trade body Biba has been banging the drum for appropriate and proportionate regulation for the UK’s insurance brokers.

This consensus among brokers regarding “painful and time consuming” regulation was mirrored by attendees at Bravo Networks’ annual conference, this year held on 1 and 2 March 2023 in Birmingham.

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