Regulator issues delegated authority warning

financial-conduct-authority-canary-wharf

Intermediaries and insurers are failing to adequately consider their regulatory obligations, according to the findings of a thematic review into delegated authority arrangements published last month by the Financial Conduct Authority (FCA).

Delegated authority, including outsourcing of underwriting and claims handling, is widely used across the UK insurance market and the regulator highlighted that improvements are needed to levels of due diligence and the way firms manage their outsourced

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: