One step forward and two back.
The indecision over the establishment of general insurance regulation has left many out of pocket and there are concerns that the constant obstacles are preventing any progress in the market.
Like myself, I suspect very few in the industry were surprised by theannouncement that the Financial Services Authority is to assume control of
all insurance regulation.
The European Commission's directive on insurance mediation has been on the
cards for years. Why did we have to suffer all the trials and tribulations
of establishing the General Insurance Standards Council before we could be
sure which form this regulation would take?
Apart from the trauma this has caused in what is now
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