Regulation
RSA Insurance Ireland fined €3.5m
The Central Bank of Ireland imposes the fine for regulatory breaches relating to large loss claims and accounting irregularities.
ABI responds to CMA’s pricing investigation
Competition watchdog criticised the sector and called for pricing intervention options.
Insurance in the firing line as CMA calls for pricing intervention to be on the agenda
Competition watchdog responds to Citizens Advice super-complaint.
FCA publishes new CMC rules
The watchdog will take over responsibility for regulating claims management companies in April next year.
FCA insurance spend rises to £264,587 for 2018/19
The regulator stuck with Aon as its broker.
Bluefin fine – 32 FCA staff directly involved in investigation
One year on a Freedom of Information of request from Insurance Age reveals the timeline of events.
Customers brand “sneaky” dual pricing “exploitative”
78% called for a ban on insurance firms charging higher prices for renewals than new business.
Call for evidence on discount rate setting welcomed
The Lord Chancellor has asked for experts to contribute to a review of how the Ogden rate is set with a final decision predicted by May 2019 as the industry hopes it may settle around 1%.
The Blog Spot: Solving dual pricing with three figures
In an excellent piece in The Times last month was a reference to a suggestion – that renewal invitations should in fact have three prices on them.
Opinion: The FCA's Christopher Woolard on pricing
Paying the price: Customers shouldn’t lose out for being loyal, says Christopher Woolard
FCA updates approach to authorisation
Feedback statement follows on from consultation that closed in March.
CMA to step up its interest in vulnerable customers
Body still working on investigation following the super-complaint from Citizens Advice, which slammed dual pricing practices in insurance.
News analysis: FCA bares teeth on personal lines
Regulator launches motor and home study and releases findings of pricing probe
FCA calls for Brexit implementation period
Regulator says it prefers the draft withdrawal agreement over no-deal Brexit after impact assessment.
FCA reveals 138% increase in reported tech outages
Regulator highlights 18% are cyber-related.
FCA cancels broking firm's authorisation
Larksway Investments was stopped from providing insurance broking services in September 2017.
Biba repeats call that brokers should prepare for no deal Brexit
Steve White warns that passporting will end.
FCA prepares for no deal Brexit
The watchdog has published a set of proposals to prepare for the possibility of leaving the EU without an implementation period.
Industry welcomes passing of Civil Liability Bill ahead of Royal Assent
Biba chairman Lord Hunt of Wirral urges the government to avoid further delay in signing the bill into law.
Blog: Should brokers be concerned?
Ann Peel poses the question as more SMEs will be able to complain to the Ombudsman.
Podcast: The top five stories of the week
Roving reporter Jonathan Swift dials in for this week's episode.
The Blog Spot: Two sides to the perception gap
The frustration is that insurance has so much to be proud of.
Brexit deal does not work for brokers, says Biba
Trade body warns of “gaping hole” in the agreement.
Insurance experts warn on Brexit deal
ABI says insurance sector must not become a rule taker under future relationship with EU.