Regulation
Germany extends passporting rights for UK insurers
The country has adopted some special provisions in case of a no deal Brexit.
“Surprise” at FCA clean bill of health for “unbalanced” wholesale market
The regulator said there was room for improvement and did not take action but expert suggests brokers expected the watchdog to intervene in what is seen as an “unbalanced market”.
FCA outlines “room for improvement” in £60bn wholesale market
However, the study into it did not identify “significant areas of harm” as Biba welcomes the final report.
FCA sounds latest clone broker alarm
A warning has been published by the regulator about a clone of Protect Your Bubble, which provides gadget and jewellery insurance.
Biba books Boris for 2019 conference
Event in Manchester on 15-16 May is themed as ‘Leading the Way’.
Biba maintains warning on FSCS levy
FSCS planning for £516m budget.
Podcast: The top five stories of the week
Ida Axling and Emmanuel Kenning share their view on the news behind the top five headlines of the week.
ICO fines Arron Banks' Eldon and Leave.EU £120,000
Regulator set to review how Eldon and Leave.EU are complying with data protection laws.
FCA takes regulatory control in event of no deal Brexit
The watchdog has been granted temporary transitional power to delay changes made under the EU Withdrawal Act.
Quizzical Questions: 1 February 2019
Test your knowledge of the week's news with our topical quiz.
FSCS to hit brokers with extra levy bill next month, warns Biba
Trade body also predicts 2019/20 levies will be higher.
PRA CEO letter warns action is needed on cyber
Regulator calls on providers to cover more ground on cyber in relation to risk management, risk appetite and strategy, and pledges to continue to keep cyber insurance underwriting risk under review.
FCA data shows rise in average home insurance payouts
Process piloted with 31 insurers is set to be made compulsory for all firms and most products.
FCA consults on making value data compulsory
Regulator proposing to extend pilot programme to all firms and to cover most general insurance products.
Broker MP Craig Tracey reflects on PM’s Brexit defeat
Tracey voted against Theresa May’s draft deal for the UK’s EU withdrawal last week.
Biba reveals campaigning themes in 2019 manifesto
Document has 30 calls to action and 26 commitments.
SM&CR tops experts’ predictions as the 2019 regulatory issue for brokers
FCA fines show firms cannot take their eyes off the ball.
FCA admits to concerns over private warnings as usage drops to zero
Freedom of Information request shows regulator has stopped using them.
FOS consulting on near doubling of levy
Ombudsman looking for 28% increase in income for 2019/20.
Quizzical questions: 04 January 2019
Test your knowledge of the week's news with our topical quiz.
FCA fines down to £60.5m in 2018
Regulator’s annual total falls from £229.5m in 2017.
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.