Michael Whitfield from CPP UK discusses why brokers should be moving cyber risk up the agenda for their SME customers.
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Regulator calls on providers to cover more ground on cyber in relation to risk management, risk appetite and strategy, and pledges to continue to keep cyber insurance underwriting risk under review.
Feedback statement follows on from consultation that closed in March.
Nick Garner, of Financial and Legal Insurance, examines the FCA guidance on due diligence and argues that non-UK domiciled providers are not monitored with the rigour they should be.
The Folgate business will be underwritten by its owner APC Underwriting.
Freedom of Information request reveals a budget of nearly £2.5m.
Justice Committee “troubled” by the reliability of insurer fraud data ahead of secondary legislation on personal injury reform.
Bailey, a non-executive director at Chubb European Group, succeeds Lawrence Churchill.
Committee wants discussion between the PRA and the industry in response to "practical difficulties" of Solvency II.
The policy statement sets steps for the regulators to be "fair" and "command public confidence".
Biba plans to launch assessment tool for brokers
PRA writes to general insurance CEOs with results of stress testing in run up to Solvency II and firms are described as “resilient”.
Regulators have published consultation paper to address transparency and effectiveness.
Woods replaces Andrew Bailey who is taking over as CEO of the FCA.
Aviva, Hiscox, Legal & General, LV and More Than among firms which will offer policies backed by the scheme.
Organisation confirms 4 April launch date.
Regulator interviewed four candidates for the CEO role.
Insurers broadly applaud Andrew Bailey’s appointment to the top job at the FCA, but brokers express concern over the regulator’s promotion of an “establishment” figure
Brokers admit to not having heard of new appointee.
Regulator’s list includes both life and general insurers.
New regulators must demonstrate more value for money, says NAO.
A new regulatory consulting firm has launched this month to act as a "first-choice" advisor and "one-stop shop" on regulation and compliance issues for firms in general insurance and legal services.
The Financial Conduct Authority (FCA) has announced an annual funding requirement (AFR) of £432.1m for 2013/14.