Trade body also predicts 2019/20 levies will be higher.
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.
Process piloted with 31 insurers is set to be made compulsory for all firms and most products.
Regulator proposing to extend pilot programme to all firms and to cover most general insurance products.
Tracey voted against Theresa May’s draft deal for the UK’s EU withdrawal last week.
Document has 30 calls to action and 26 commitments.
FCA fines show firms cannot take their eyes off the ball.
Freedom of Information request shows regulator has stopped using them.
Ombudsman looking for 28% increase in income for 2019/20.
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Regulator’s annual total falls from £229.5m in 2017.
The Central Bank of Ireland imposes the fine for regulatory breaches relating to large loss claims and accounting irregularities.
Competition watchdog criticised the sector and called for pricing intervention options.
Competition watchdog responds to Citizens Advice super-complaint.
The watchdog will take over responsibility for regulating claims management companies in April next year.
The regulator stuck with Aon as its broker.
One year on a Freedom of Information of request from Insurance Age reveals the timeline of events.
78% called for a ban on insurance firms charging higher prices for renewals than new business.
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%.
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.
Paying the price: Customers shouldn’t lose out for being loyal, says Christopher Woolard
Feedback statement follows on from consultation that closed in March.
Body still working on investigation following the super-complaint from Citizens Advice, which slammed dual pricing practices in insurance.
Regulator launches motor and home study and releases findings of pricing probe