Industry concerns as the new FSA regime kicks in
A survey of over 200 general insurers and brokers has revealed a prevailing view within the industry...
A survey of over 200 general insurers and brokers has revealed a prevailing view within the industry that large numbers of firms have been authorised by the Financial Services Authority (FSA) without having put in place the procedures required to comply with its new rules.
The Docucorp survey revealed that 92% of insurers believe the FSA had substantially underestimated the cost to the industry of implementing regulatory requirements. Nearly two thirds (64%) believed far more cost-effective
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