Following the FCA’s decision to require insurance firms to offer renewing home and motor policyholders a price no higher than equivalent new customers, the regulator is engaging with affected firms to work through the implications of the radical intervention it’s...
With just days left for UK negotiators to secure a trade deal with the EU before the transition period ends on 31 December, our industry has little choice but to work on the assumption that there will be no deal – or, at best, a very thin deal. Most brokers have...
The FCA has caused alarm among insurance intermediaries and MGAs by insisting that firms must rid themselves of staff who are not ‘fit and proper’ for roles under the Senior Managers & Certification Regime (SM&CR) which comes into effect on 31 March 2021. The...
The motor and household insurance sectors are today digesting the implications of what FCA interim CEO Christopher Woolard has himself described as ‘probably most radical shake-up of the general insurance industry in years’. Far-reaching regulatory intervention has...
Later this month we will finally see the FCA’s delayed market study on general insurance pricing practices (MS18/1). We’ll be publishing detailed commentary on the FCA’s final report following its publication on 22 September. In the meantime it may be worth recalling...
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