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 arran
- FCA warns on clone of Ellis David Insurance Brokers
- InsurTech Futures: Ex-Brokerbility and Aviva expert targets on-demand market
- Miller buys Alston Gayler and Co
- Blog: Does your board meet FCA standards?
- FCA issues another clone broker warning
- Podcast: Certus' Ben Welsh looks at the top five stories of the week
- Axa XL to move EU arm to Dublin