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Broking Break: The regulation game

Red tape in a dispenser

Steve Blott, chief risk officer at UK General Insurance, covers off the top regulation issues brokers need to consider in 2016.

How many brokers made it their New Year's resolution to enjoy a proactive and engaged relationship with the Financial Conduct Authority (FCA)? Well, sticking to the resolution would be a lot easier if we knew what regulatory challenges, issues and opportunities brokers should look out for in 2016?

No New Year would be complete without a business plan, and the FCA is no different. Their plan will be issued in April 2016, setting out regulatory priorities and their risk outlook view of the

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Founder and director of Gambit Insurance Solutions and co-Chair of iCAN Ajay Mistry believes small brokers need to be more assertive in the soft market and predicts at least one insurer will launch a product in which over 80% of the commercial underwriting workflow is transparently AI-driven.

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