Regulation
Market dismayed by further IPT increase
Brokers describe tax rise to 10% as a “slap in the face” but support increased funding for flood defences
Brexit: In or out?
What impact would Brexit have on brokers and the wider insurance industry? Tony Cornell considers the issues on whether to remain or leave
FCA spent over £200,000 recruiting Andrew Bailey
Regulator interviewed four candidates for the CEO role.
GI complaints fall 3%
FCA reveals that non-PPI general insurance complaints fell to 296,505 between July and December 2015.
Poll: Will IPT go up more?
Have your say on the future of the insurance premium tax.
Getting brokers out of the dark
Helen Devery at BLM calls for collaboration between brokers and insurers
Government’s 2015 IPT discussions revealed
Exclusive coverage of the Treasury’s talks with the Association of British Insurers.
Insurance Act full of potential traps, warn lawyers
Lawyers Colin Wynter and Stuart Hill explain the possible pitfalls for brokers ahead of the implementation of the Insurance Act.
UK Broker Summit 2016: Brokers get ready for the Insurance Act
Five key points to keep in mind about the new legislation ahead of its implementation in August.
Technology and big data key focuses for the FCA in 2016
Director of general insurance and protection Simon Green says 2016 will be year of significant change.
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.