Regulator also wants to increase the authorisation application fee for brokers from £1,500 to £2,500.
Industry experts warn providers are not treating customers fairly as brokers call for clarity on unoccupied properties.
As the first working week of self-isolation comes to a close for many, Insurance Age content director Jonathan Swift looks at the stance brokers are taking in terms shutting up shop or keeping their branches open.
Biba's Graeme Trudgill outlines the relevant areas for brokers as the FCA tells firms how to identify key workers in financial services.
The body outlined the insurer response to Financial Conduct Authority guidelines as providers waive renewals for key workers.
Regulator sets out expectations amid coronavirus for travel, motor and home insurance, product suspensions and renewals as it highlights the important role of the broker in helping vulnerable customers.
Reid chats to Insurance Age about his return to the market, being approached by private equity houses and why there are lots of opportunities for smaller brokers in the current market.
The Insurance Age team discuss the most popular news stories of the week.
Regulator also says it wants to make diversity and inclusion the norm as it seeks to embed "purposeful culture" into companies.
The trade body has pledged to support members as the regulator insists all firms must have contingency plans in place to deal with major issues such as Covid-19.
The Insurance Age team chat about the most popular news stories of the week.
Regulator rejects claims from Gina Miller's True and Fair Campaign, stating they contain “numerous inaccuracies", as campaigners call on the Chancellor of the Exchequer to review Andrew Bailey's appointment as governor of the Bank of England.
The names, addresses, and telephone numbers of certain FCA complainants were publicly available between November 2019 and February 2020.
Customers told to check the validity of their policy with their insurer.
The regulator examined several areas of potential harm in its annual review of the general insurance sector.
There will be no change to EEA firms 'passporting' into the UK from tomorrow (31 January), but the temporary permissions regime will be used if the UK and EU fail to sign an agreement by 31 December 2020.
A recent letter from the regulator could indicate that it wants to widen its remit to include diversity and inclusion. Should brokers be worried? Martin Friel reports.
Provider states 60% of new customers are choosing its three-year fixed price product as it publishes trading update for the last six months.
Nick Wilcox and Rolleen McDonnell of law firm BDBF examine where brokers may fall foul of the latest regulation to hit intermediaries.
Current incumbent Andrew Bailey joins the Bank of England as governor on 16 March.
As Biba focuses on improving access to insurance in its manifesto, commissioning editor Laurence Eastham considers where changes will occur in 2020.
Manifesto includes 37 commitments and 29 calls for action across nine key areas including regulation, broking challenges, Brexit, and transport.
Government body welcomes the FCA's proposition to ban dual pricing as it publishes update a year on from the Citizens Advice super-complaint.
InsurTech will be able to access the financial data of consenting customers.