Regulation
FSA launches payment protection insurance comparison tables
The Financial Services Authority (FSA) has launched free, impartial comparison tables for payment protection insurance (PPI) on its consumer website: http://www.fsa.gov.uk/tables
Insurers could become tougher on claims to help margins in soft market, says Aon
John Bell, head of claims for Aon Risk Services, speaks out about trends in insurer claims handling and in support of Airmic’s agreement to reduce insurers’ use of reservation of rights.
FSA fines stockbroking firm for weak data security controls
The Financial Services Authority (FSA) has fined Merchant Securities Group (Merchant Securities) for not adequately protecting its customers from the risk of identity fraud. This is the first time the FSA has fined a stockbroking firm for weak data…
PB Week: Football can save us from the economy
As we hear about gloomy news from our nation’s economists and layoffs galore in the insurance sector courtesy of Norwich Union and Zurich , we are probably all glad we have the distraction of the European Championships, or maybe not, as our home nations…
Marsh establishes Insurance Regulatory & Tax Consulting Practice
Marsh, the world’s leading insurance broker and risk adviser, today announced it has established an Insurance Regulatory and Tax Consulting Practice within the firm’s Global Risk Management Division. The new practice will be led by Praveen Sharma.
Moneyway welcomes FSA plans for transparency
Moneyway, the bank that prides itself on being simple and transparent, has welcomed the news that the Financial Services Agency plans to ‘name and shame’ financial brands that are subject to complaints. Gary Jennison, CEO of Moneyway, formerly known as…
UK Broker Awards – Last Chance to Enter!
ARE YOU MASTER OF YOUR OWN DESTINY? Last chance to enter!
Insurance Age weekly on-air news review
Insurance Age news editor Sarah Hills provides a run down of the major news stories from the event - watch it now
Kwik Fit named cheapest car insurer by aggregator
Kwik Fit Insurance has been named as the most consistently competitive car insurance provider by a leading price comparison web site.
Commissions - Parliament - Call for market unity on disclosure
Leading figures in the UK broking market took their case against mandatory commission disclosure to ...
Regulation - Brokers fall short on TCF
According to compliance research conducted with over 100 general insurance brokers and mortgage inte...
Gossip from the industry - Another euro headache
It has been another busy month following the insurance broking sector - an editors' dinner with Brit...
ICOB changes - Eyes wide open for change
The ICOB rules were updated in January but we decided not to change our procedures at that time. We will need to move to the new rules soon, so what are the main changes?
PB online poll and results, May 2008
Do you think insurers should provide translations for policies?June's online poll question: Will the...
Go Compare joins Biba
Go Compare is the first aggregator site to join the British Insurance Brokers' Association, marking ...
Aggregators see potential in Biba membership
The British Insurance Brokers' Association (Biba) has made a surprise addition to its ranks by welco...
FSA fails to see the smaller side
Once again, Tony Cornell has his finger on the pulse, with his predictions for the market, post comm...
Firms' T&C approach disappoints
Appointed representatives (AR) are over-reliant on the quality of the supervision and compliance bei...
Get a grip
At the start of next year, the Financial Services Authority will be given the authority to regulate the sale of travel insurance by travel agents and tour operators. While this has the potential to introduce a new revenue stream for brokers, Martin Friel…
The sins of the fathers
In the past few months, I have unfortunately had to deal with two personal claims, and was amazed at...
Disclosure discussion highlights small brokers' competition concerns
The Financial Services Authority's (FSA) push for commission disclosure is being driven by large mul...
Biba responds to review
The British Insurance Brokers' Association (Biba) has responded to the Financial Services Authority'...
Principle Insurance to provide insurance
Principle Insurance has revealed it will be providing Shariah-compliant motor and home insurance to ...
FSA publishes discussion paper
The Financial Services Authority (FSA) has published a discussion paper that explores the creation o...