News
Brokers say FCA's AR attack “fair”
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Biba warns industry on using ARs
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
AR network leaders welcome thematic review findings
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
Quizzical questions: 22 July 2016
Test your knowledge of the week's news with our topical news quiz.
FCA slams oversight of appointed representatives
Regulator finds “significant shortcomings” and orders two companies to stop sales activity.
Broking Break: Your top five on a Friday
What were the most popular stories this week?
Mann Broadbent targets lesiure clubs with sports product launch
Policy covers playing surfaces, floodlights and trophies.
Beazley posts dip in post-tax profits
GWP rises for first six months of 2016.
Best Employer line-up revealed
Winner to be announced at the UK Broker Awards in September.
InsurTech Futures: Fintech growth could create “insurance underclass”
CII report warns that use of fintech and big data could lead to some people being uninsurable.
Former broker Craig Tracey to become co-chair of APPG for Insurance and Financial Services
Former insurance broker Craig Tracey is to take over as co-chair of the All Party Parliamentary Group for Insurance and Financial Services.
Insurance industry awaits apprentice levy update
CII welcomes Robert Halfon’s appointment as government minister.
Court rules for "collateral lie" gets mixed reaction
Industry warned fraud problem could grow after legal ruling.
UKGlobal Risk Solutions targets expansion after ownership deal
Family of former Oval chief Phillip Hodson involved in deal.
LexisNexis Risk Solutions buys Insurance Initiatives Limited
The acquisition can help UK insurers win new opportunities with data and advanced analytics.
“Collateral lies” acceptable in claims rules court
Supreme Court decides that “collateral lies” should not invalidate a claim.
No “bonfire of regulation” post Brexit, says FCA chief
Andrew Bailey said he does not foresee a “great bonfire of regulation” as watchdog sets up department to deal with EU exit.
Allianz rolls out new initiative to prevent SME underinsurance
Insurer previously confirmed it would no longer apply average to SME claims.
Chubb launches biogas and solar package
Proposition available in the UK and Ireland as the insurer expands “cleantech” offering.
Ex-Biba accountant pleads guilty of £24,000 fraud against trade body
Accountant may be facing jail after case at Old Bailey for stealing money from Biba.
Arag posts increased GWP for 2015 but profits slip
An "artificial peak" in profit for 2014 distort comparison with 2015 according to insurer.
InsurTech Futures: Start-ups focus on customer relationships
Report shows a third of InsurTech start-ups look to improve customer relationships.
KPMG poll highlights "apathy" towards driverless cars
Insurers and brokers lack of interest is because they believe that they have ample time to prepare their business before the technology becomes mainstream.
Markerstudy and Be Wiser agree partial pull back
Insurer says move is not part of wider reorganisation.