Compliance
Unprecedented challenge for broker PI as prices double and exclusions threaten non-compliance
News analysis: Experts question legality of Covid-19 exclusions in brokers' PI policies and warn of trouble with doubling of premiums, providers reducing capacity, as compliance specialists call on the FCA to make it clear whether Covid-19 exclusions are…
FCA zones in on broker resilience amid Covid-19 outbreak
Watchdog surveys 13,000 firms as it seeks to understand the effect Covid-19 is having on the finances of regulated firms and guide its supervisory actions.
News analysis: Why do brokers need to care about the FCA focus on D&I?
A recent letter from the regulator could indicate that it wants to widen its remit to include diversity and inclusion. Should brokers be worried? Martin Friel reports.
Former FCA insider develops compliance platform for brokers
Industry veteran Michael Sicsic partners with Governor Software to help brokers and insurers digitalise key compliance processes in a changing regulatory environment.
Blog: Is it curtains for net-rated products?
Ann Peel, technical consultant at Insurance Compliance Services, discusses the potential impact of the FCA's latest interventions.
Experts urge brokers to look over remuneration after FCA warning on GI distribution failings
Compliance specialists say brokers need to look at the distribution chain and make sure they act in the best interest of the customer.
FCA admits to concerns over private warnings as usage drops to zero
Freedom of Information request shows regulator has stopped using them.
Opinion: Branko Bjelobaba on why there are no excuses for getting renewal transparency wrong
If brokers can’t get renewal transparency right, what else are they getting wrong? Branko Bjelobaba asks
Opinion: David Sparkes on why delaying the Insurance Distribution Directive is a good thing
Delays are not often welcome, but in the case of implementing the Insurance Distribution Directive it’s the best possible outcome, explains David Sparkes
Blog: Despite the IDD delay brokers have a lot of work to do
Ann Peel, technical consultant at Insurance Compliance Services, urges brokers to take action ahead of the implementation of the Insurance Distribution Directive.
Bluefin’s £4m fine should serve as “wake-up call” for brokers, say experts
Compliance specialists say brokers need to ensure there are no conflicts of interest.
Blog: Cyber risk at the fore: insurance brokers must lead by example
GovNet's David Roberts urges brokers to be prepared for GDPR.
Video: Switched on - IDD with Ann Peel
Insurance Age meets Insurance Compliance Services' Ann Peel in the first 30 second interview of a new series.
InsurTech Futures: Risk v Reward – how brokers can get the most from InsurTech
CMS partner Ian Stevens discusses opportunities and legal obligations for brokers in InsurTech.
New compliance consultancy launched
Service on offer to general insurance brokers.
Insurance Cares: How to identify vulnerable customers?
RWA’s Kirk Ford advises how to identify customers who may be struggling and offers guidance on treating clients fairly.
Secret FCA warnings issued to brokers revealed
The regulator confirmed that 18 senior broking executives received private warnings between 2011 and 2017 compared to one insurer boss.
News analysis: Brokers urged to check FCA warnings
Regulator’s list of unauthorised firms is “useful and accessible” for brokers, says compliance expert
Opinion: Mike Cranny on regulation
Uncertain times: Parliament and the regulator have been busy recently, but the best best way to cope with the uncertainty is “business as usual”, says Mike Cranny
Experts urge brokers to abide by the rules following Towergate's £2.6m fine
The FCA says it has previously issued warnings to the industry on the importance of complying with client money rules.
Biba 2015 Video: Regulatory Efficiency Gains
Michael Phair, director of Regulatory Efficiency Gains tells all about how its products can help brokers with compliance and risk assessment.
Smaller brokers should prepare for impact of FCA conflicts review
Compliance expert warns that whole market will be affected by review findings.
Biba to consult members over FCA add-on review
Trade body welcomes "sensible" first step.
RWA adds Jelf consultant as new compliance manager
Stokes has been charged with helping brokers meet the regulator's "exacting requirements".