UKGI urges brokers to provide evidence of file monitoring

files-jumble

Issues came to light during series of workshops.

UKGI has called on brokers to plug operational gaps in file monitoring and providing evidence.

The issue was flagged up during the provider’s most recent series of compliance workshops, which have been approved by the Chartered Insurance Institute.

Jill Hambley, compliance consultancy services director at UKGI, said it appeared that many brokers are currently leaving themselves exposed with regards to file monitoring and evidence.

Hambley explained that the company had observed that “even some

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 copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.

Brokers upbeat on 2024 growth – Aviva

Brokers are more optimistic about growth in the coming year than they have been since before 2020, according to Aviva, with 83% expecting their business to grow compared to 76% last year.