Regulation
FCA to issue claims ‘scorecards’
Pilot project will see general insurance firms be compared by regulator across a “small number of products”.
Brokers speak out on regulatory burden
MP reopens debate over the effect of increasing regulation on small brokers
Industry welcomes “regulation heavyweight” to FCA role
Insurers broadly applaud Andrew Bailey’s appointment to the top job at the FCA, but brokers express concern over the regulator’s promotion of an “establishment” figure
FCA welcomes NAO report on mis-selling
Regulator says it accepts the findings.
NAO issues warning on FCA's value for money over mis-selling
National Audit Office says the FCA cannot be confident that its actions are reducing the overall level of mis-selling.
MP criticises distorted FCA funding in Parliament
Former broker Craig Tracey MP says FCA regulation of the insurance industry is not proportionate.
Industry searches for SME flood insurance solution
Biba investigating scheme to help small businesses in flood-prone areas
Is the FCA too obsessed by price?
There is more to insurance than price alone and the regulator’s price comparison suggestion should be opposed, argues Tony Cornell
FCA hands out £15.5m of fines for solicitors’ PI and other insurance schemes’ failures
First ever fine for a person for undertaking FCA regulated activities without approval.
New FCA boss says no return to "shoot first" mentality
Andrew Bailey to take softer approach than Martin Wheatley.
Biba welcomes new FCA boss
Brokers admit to not having heard of new appointee.
FCA head revealed
Andrew Bailey will become chief executive of the Financial Conduct Authority replacing Tracey McDermott.
Time to kill the small print
Tim Philip calls for insurance documents to be simplified for the good of the sector.
Brokers ‘in the dark’ regarding Insurance Act, says law firm
Research finds that more guidance is needed ahead of August 2016 implementation.
Tracey McDermott rules herself out as FCA chief
McDermott does not want to stay on as full-time FCA CEO.
Reports that customer data study set for scrapheap denied
Review of how insurers use customer information still set to take place in some form.
Tracey McDermott tipped for permanent CEO role at FCA
Regulator seeking to replace Martin Wheatley.
FCA fines and bans broker over client money failings
Chief executive found not to have understood the rules and regulations.
Big data: brokers are “doing it by the book”
Insurance sector unconcerned by FCA’s inquiry into how it handles customer data
Brokers divided over Osborne’s plan to curb whiplash claims
Chancellor’s proposed measures welcomed by insurance companies
PRA approves Solvency II models for 19 insurers
Regulator’s list includes both life and general insurers.
Sector hails FCA renewals proposals as “good news”
ABI and Aviva welcome consultation on showing last year’s premium price on renewal notices.
FCA gets tough on renewal quotes
Proposals call on insurers to show last year’s premium on renewal notices.
FCA confirms PPI claims deadline consultation
Eighteen firms face cost of funding £42.2m communications campaign.