Regulation
FCA warns on clone of Direct Line’s UK Insurance
The genuine authorised firm does not sell to the public through the brand.
Quizzical questions: 14 September 2018
Test your knowledge of the week's news with our topical quiz.
Danish legal changes to affect FSCS-style claims come January
Another Alpha would hit UK insurers but policyholders would still be compensated.
FCA issues guidance to brokers on insurer due diligence
Regulator planning further work to check brokers are taking appropriate action.
Government raised £6bn from IPT last year
Insurance Premium Tax haul exceeded expectations due to growth of new insurable threats.
FCA confirms One Call’s fine and £4.7m hit
John Radford’s £468,600 fine also confirmed.
FCA appoints Sheldon Mills as director of competition
Mills will be responsible for delivering ongoing wholesale insurance broker study.
Myth or Reality? The big bad world of big data
Tony Tarquini of Pegasystems shares his view on how AI is changing insurance as well as the opportunities and potential pitfalls for brokers.
Industry calls for urgent action as government publishes no-deal Brexit guidance
Experts say contract continuity is key concern as no deal scenario is described as "unthinkable" by the insurance sector.
Ignition Select declared in default by FSCS
The FSCS will step in to help consumers affected by the collapse of the broker which went into administration last year.
Podcast: The top five stories of the week
Emmanuel Kenning and Jonathan Swift share their views on the most clicked on articles by brokers.
FCA confirms 1 November start date for affordability tests
Premium finance firms tell brokers they are ready for the changes.
FCA’s GDPR bill to hit almost £4m
Regulator spent £1.8m getting ready for the data regulation change.
Podcast: The top five stories of the week
Emmanuel Kenning and Sian Barton explore the stories that hit the headlines this week.
Brokers urged to push on with SM&CR preparations
Mathew Rutter backs Biba advice that brokers should not panic.
Providers prepare for FCA affordability rule changes hitting premium finance
Biba calls for level playing field with direct insurers.
FCA prepares for hard Brexit
Regulator says passporting issue needs to be solved.
Insurance Cares: FCA plans ‘vulnerable customers’ consultation
The regulator also issued a discussion paper on Duty of Care for firms when dealing with consumers.
The Blog Spot: Failing to plan is planning to fail
News online is often all about #breaking #exclusive.
Broking Break: Your top 5
Brokers have been clicking on Insurance Age saving the day with Facebook, a departure from PIB, another takeover, the date of SMCR and who is on top of Allianz’s “hit list”.
The Blog Spot: The FCA needs to step up its game
After Insurance Age saved the day and had a Facebook page operated by fraudsters shut down, Ida Axling questions why the regulator failed.
Opinion: Charles Manchester on GDPR and cyber insurance
The Holy Grail of cross-selling? Charles Manchester argues that cyber can be an opportunity for all brokers
Brokers finally have date for senior managers’ regime
The FCA has published when the Senior Managers & Certification Regime will come into force for brokers and revealed it is developing a directory of financial services workers.
InsurTech Futures: Three more insurance offerings in FCA’s regulatory sandbox
Watchdog reveals details of fourth wave added to innovation scheme.