But the regulator also describes the sector as resilient and robust in a letter to general insurance CEOs.
The marketplace has been asked to collate insurer BI cover information for the regulator.
Manifesto includes 37 commitments and 29 calls for action across nine key areas including regulation, broking challenges, Brexit, and transport.
Industry veteran Michael Sicsic partners with Governor Software to help brokers and insurers digitalise key compliance processes in a changing regulatory environment.
PRA has laid down new rules after the Society of Lloyd’s disclosed that it had not maintained an anonymous whistleblowing channel for 16 months.
A joint investigation by the regulators found that between February 2010 and July 2016 Stuart Malcolm Forsyth transferred excessive amounts of his own salary to his wife, and as a result paid £18,000 less in income tax than he should have done.
Regulator used a Dear CEO letter to raise concerns about whether staff feel able to speak up about poor practices and unidentified risks within their firms.
Following the warning Lloyd's has revealed advisory committees designed to tackle diversity and inclusion featuring sector leaders such as Zurich's, Amanda Blanc, and the CII's, Sian Fisher, have been set up.
She replaces Mark Neale who announced last year that he was to leave in May after nine years in the role.
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.