FCA updates its list of Covid-ready BI policies

FCA updates its list of Covid-ready BI policies

Following the conclusion of the Business Interruption insurance test case, the FCA has published a list of BI policies capable of responding to the Covid-19 pandemic. Back in January, the FCA sent a Dear CEO letter to insurers impacted by the business interruption...
Will your PII cover meet the FCA’s expectations?

Will your PII cover meet the FCA’s expectations?

Covid-19 has certainly not made it any easier for UK brokers to secure appropriate professional indemnity insurance (PII) cover. Many now face increased premiums, excesses and exclusions – particularly around risks associated with the current pandemic. Markets...
Will your PII cover meet the FCA’s expectations?

FCA consults on its guidance on proving Covid-19

The FCA has launched a consultation on its draft guidance on how insureds can prove the presence of Covid-19 in a particular area around their premises in the context of a BI claim. The consultation closes on 18 January, and the draft guidance can be found here. The...
FCA post-Covid product value review deadline looms

FCA post-Covid product value review deadline looms

The FCA issued a reminder late last month stressing that firms have until 3 December to complete a review of the value offered by their products, taking account of the impact of coronavirus. This relates to guidance issued by the FCA back in June highlighting the...

UKGI is a trading style of UKGI Limited and UKGI Services Limited which are wholly owned subsidiaries within UKGI Group Ltd. UKGI Limited Registered in England No. 03544014. UKGI Services Limited registered in England No. 04953835. All Registered Offices Number 22 Mount Ephraim, Tunbridge Wells, England TN4 8AS. VAT registration number 347 2664 82.