The insurer contacted thousands of customers mistakenly calling them ‘Michael’ - reports.
Nick Wilcox and Rolleen McDonnell of law firm BDBF examine where brokers may fall foul of the latest regulation to hit intermediaries.
The GFSC has also restructured its management team to be “flatter, wider and more inclusive”.
Current incumbent Andrew Bailey joins the Bank of England as governor on 16 March.
As Biba focuses on improving access to insurance in its manifesto, commissioning editor Laurence Eastham considers where changes will occur in 2020.
Manifesto includes 37 commitments and 29 calls for action across nine key areas including regulation, broking challenges, Brexit, and transport.
Government body welcomes the FCA's proposition to ban dual pricing as it publishes update a year on from the Citizens Advice super-complaint.
InsurTech will be able to access the financial data of consenting customers.
Expected broker levy rose to £23m for 2020/21 after spike in PPI complaints.
Organisation says indicative levy for general insurance distribution is £23m and publishes Plan and Budget for the next financial year as total levy goes up by £87m.
The Danish regulator says the unrated provider has “serious liquidity problems” as Gefion says it is in progressed discussions with potential capacity providers.
Industry veteran Michael Sicsic partners with Governor Software to help brokers and insurers digitalise key compliance processes in a changing regulatory environment.
Gefion has disagreed with the decision, as the regulator points to issues with one of the provider's reinsurance contracts.
The watchdog wants to use automation to deepen understanding of markets but has been warned against developing an over-simplified view of the market.
Not addressing non-financial misconduct may lead managers to fail the SM&CR.
The Danish provider has complied with the order from a regulator to have liquid assets of at least €5m by the end of 2019, after further investment from shareholders.
Alison Whittington, head of housing at Zurich, discusses the hazards of modern properties and how insurers are getting involved.
PRA has laid down new rules after the Society of Lloyd’s disclosed that it had not maintained an anonymous whistleblowing channel for 16 months.
He will take over the position from Mark Carney on 16 March 2020.
Regulator says fraudsters are using details of authorised firm MEM Insurance Brokers to target people in the UK.
Regulator is looking to extend the principles of open banking to other sectors including general insurance.
Ann Peel, technical consultant at Insurance Compliance Services, discusses the potential impact of the FCA's latest interventions.
The Gibraltar-based insurer closed to new business in July 2017.
Organisation also expects brokers to carry out the due diligence on replacement carriers.