FCA insurance skilled person investigations tick up again
The Financial Conduct Authority commissioned two skilled person reports in the insurance sector during the second quarter of 2025/26, following on from one in Q1 and a recent record total in 2024/25.
In 2024/25 the regulator slapped the sector with S166s in three of the four quarters and continued the process at the start of the current financial year (see graph below).
An S166 is issued when the FCA is concerned about aspects of a regulated firm’s activities or wants further analysis (see box at end).
!function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=eOnly 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 info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Manifesto 2026: Biba calls for new Financial Services Bill
The British Insurance Brokers’ Association has launched its 2026 Manifesto titled ‘Economic Resilience’, calling on the government to introduce a new Financial Services Bill in early 2026.
Biba and ABI join forces on ‘Total Signposting’ initiative
The British Insurance Brokers’ Association and the Association of British Insurers have launched a new voluntary industry-wide Total Signposting Commitment.
Financial lines MGA Verde Risk Management launches
Verde Risk Management has launched, specialising in the financial lines market, predominantly commercial crime, management liability and financial institutions.
CII to move to new headquarters in London
The Chartered Insurance Institute Group will move its global HQ and London base to 30 Old Broad Street in the City of London from 2 March 2026.
Cyber remains top business risk but AI rising fast in Allianz Risk Barometer
Cyber incidents created many headlines in 2025 and are still the biggest worry for UK companies in 2026, according to the Allianz Risk Barometer.
MGA founder replaces outgoing PIB underwriting and distribution CEO Burgess
PIB Group is promoting Chris Jackson to become CEO of its underwriting and distribution business.
Fenchurch boss highlights importance of risk education and opportunities for 2026
Fenchurch Insurance Brokers managing director Jamie Coyne plans to hit the £27m GWP mark in 2026 shifting away from smaller premium accounts, as the broker targets expansion in construction and sees opportunities in food and drink, and manufacturing.
Inflexion and Ascend look to build ‘home where best brokers want to be’
Dominic Clark, investment director at Inflexion has targeted building the home the best brokers want to join, after buying Ascend Broking Group.