Opinion: Survival of the regulatory-fittest

SICSIC, Michael - Sicsic Advisory 2022

Former FCA insider Michael Sicsic considers how regulatory reform will hit the broker market

In May the Financial Conduct Authority confirmed the largest-reaching intervention in GI in a generation, with its General Insurance Pricing Practices rules. Then in July, Nikhil Rathi’s first business plan as CEO affirmed his commitment for the FCA to become a “more assertive” regulator.

If 2021 was a year of change for insurance regulation, 2022 will be the year the change bites, and a new compliance landscape takes form.   

What does that look like in practice for brokers? It means a change

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