Regulation
FSA should be shown another way
I write in regards to the letter 'Regulation is a government cash cow' (Insurance Age, April, p21). ...
Appointment at Association of Medical Insurance Intermediaries
Mike Izzard has been appointed chairman of the Association of Medical Insurance Intermediaries (AMII...
Hunt urges ombudsman to go "back to basics"
Lord Hunt has called on the Financial Ombudsman Service (FOS) to be more transparent, following the ...
Broker forum hot topics - www.insuranceage.com
There was a mix of serious discussion, sage advice and a healthy dose of banter on the Insurance Age...
Axa introduces roving under-writing service
Axa has introduced a roving under-writing service offering intermediaries individual visits. The ser...
Insurers' T5 stance criticised
Direct Line has backed down and confirmed that its travel insurance policies will now be valid shoul...
Another government-induced headache
I just wanted to congratulate Tony Cornell on his excellent article on Treating Customers Fairly (In...
Brokers paint gloomy picture
Lloyd's brokers are expecting a gloomy year ahead, according to a recent survey by advisory firm Maz...
UK companies with no disaster recovery plan in place
More than a quarter of UK companies still do not have a disaster recovery plan in place, according t...
IIB members fear commission disclosure
The Institute of Insurance Brokers (IIB) has received feedback from many troubled members in connection with the Financial Services Authority (FSA) Discussion Paper - Transparency disclosure and conflicts of interest in the commercial insurance market.
Increase in insurers outsourcing despite FSA concerns
A recent survey carried out by International law firm Pinsent Masons LLP has revealed that the appetite of major insurers for outsourcing is likely to increase in 2008, which suggests that insurers feel confident that their arrangements are sufficiently…
Ferma call on member participation for Solvency II implementation
The Federation of European Risk Management Associations (Ferma) has called on its member associations to play an active role in developing the detail of Europe’s new prudential regime for insurers, Solvency II, so that captive insurance companies are…
IIB supports Treasury’s financial stability report
The Institute of Insurance Brokers (IIB) has expressed its support for the overall objectives expressed in the joint publication by HM Treasury, the Financial Services Authority (FSA) and the Bank of England – Financial stability and depositor protection…
Overseas homeowners warned to be more vigilant
Health and safety expert Check Safety First has warned overseas homeowners to be more vigilant before renting out their properties abroad.
Mark Cliff joins Fortis
Mark Cliff has been appointed in the new role as managing director of Fortis Insurance Limited (FIL), directly reporting to Barry Smith, CEO for Fortis UK.
Impartial role of the FOS at risk, says law firm
Proposals by the Hunt Review of the Financial Ombudsman Service (FOS) that a league table of successful complaints against financial services firms should be published would undermine its role as an independent adjudicator says Reynolds Porter…
U.K. Insurance Market stable despite softening cycle, says report
In its latest review of the U.K.insurance market ("Insurance Industry Risk Analysis: U.K. Economic Risk Increases But Unlikely To Put Pressure On Non-Life Ratings") Standard & Poor's Ratings Services says that despite the strength of results and ratings,…
Participation key to UK Insurance Market gaining from Solvency II
Complacency amongst UK insurers about the impact of Solvency II, and a failure to take part in the Quantitative Impact Studies (QIS) taking place, risk the UK losing its established advantage as a leading insurance market in Europe, according to Deloitte…
Biba urges action from government to safeguard UK property
The British Insurance Brokers' Association (Biba) has called for the Government to establish a single body to take overall responsibility for flooding and to co-ordinate a unified approach with the various stakeholders. The call comes as BIBA formally…
Lloyd's Act review could spell dramatic change
Marcus Alcock investigates what could be a fundamental change in wholesale broking
TCF compliance - Sorting out paperwork
We spend increasing amounts of time maintaining the level of service that our business has been built on, often receiving lower revenue. Can the Financial Services Authority see that we treat our customers fairly without us producing reams of reports?
FSA still deliberating on transparency
Financial watchdog is still trying to reach a final position on commission disclosure, writes Andrew Tjaardstra
Regulator voices its concern over state of commercial market
Commercial insurance has come under the regulatory spotlight, with the publication of a discussion p...
Regulation is a government cash cow
I read with interest Tony Cornell's Agenda from last month, but I believe there is one small but sig...