Making a big impact
It has been a year since the Financial Services Authority took charge of the general insurance sector, but the word 'regulation' has been a sore subject for many. Dan Coatsworth investigates whether its impact has been as negative as some would suggest
There's no doubt that the new regulatory regime has been a burden to brokers, but the reasons behind its existence are often forgotten. Many brokers have felt reluctance towards Financial Services Authority (FSA) regulation, but are the requirements radically different from the basic principles of good business? The answer has to be no, and fortunately a lot of the industry has come to realise that regulation is not all that bad.
According to the British Insurance Brokers' Association (Biba)
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop