The fee relates to legal costs following the BI test case and is part of a raft of proposed changes relating to fees and levies ahead of publication of the watchdog's budget for 2021/22.
The professional body also saw a drop in membership numbers during the year.
The pandemic along with pricing action needed to meet the FCA's crackdown on dual pricing is expected to cause continued uncertainty in the motor market, according to Confused/Willis Towers Watson.
Updated figures show providers have made interim payments of £247.7m and final settlements of £352.1m since the Supreme Court verdict, but 12,217 policyholders are still waiting to hear whether their policies provide cover or not.
CEO John Neal discusses Covid-19 related claims, the continuation of Lloyd's decile ten strategy and the future of the underwriting room.
Market forecasts customer pay-outs in relation to the Covid-19 will reach £6.2bn on a gross basis.
Ross says an industry working group was “on the cusp” of solving the issue around Covid-19 BI claims, when the opportunity was “taken out of our hands” due to the FCA’s test case.
Regulator says providers have paid out £192.1m in interim payments for unsettled claims and £279.8m in final settlements at it reiterates order to pay out quickly.
GWP in the UK and Ireland business grew by 7.6% while its COR worsened to 92.5%, as broking division saw modest profit rise.
Leeds-based business says it is one year into its five-year goal to double in size as it aims to become the UK's largest independent broker.
The motor provider posts £173.2m in GWP and a combined operating ratio of 75.3% in 2020.
Insurance Age takes a first look at the Aviva Risk Insights Report which considers Covid-19, Brexit, cyber, climate change and the part of brokers.
GI CEO Colm Holmes says provider has taken a proactive approach to paying claims as he discusses how Aviva was impacted by the BI test case and comments on its 2020 results.
CEO Amanda Blanc sees opportunities for "material growth" in the UK market as commercial lines premiums continue to grow.
Provider says results were impacted by the pandemic, as COR worsened to 114.5% while GWP remained flat.
CEO discusses the need for the insurer to rebuild its brand and reputation as a result of the BI disagreement as insurer posts £192.4m loss for 2020.
Broker-led group pushes for more support as March deadline for festivals to get insurance looms.
MD of UKGI, Richard Coleman, tells Insurance Age about the provider's plans to modernise its brand and discusses the business interruption test case and Ecclesiastical's approach to working with brokers.
The insurer said the UK figures were “heavily impacted” by Covid-19 and, excluding the pandemic the UK COR was 95.8%, as CEO Hester reflects on group performance since 2014 and flags exit.
COR also improved, while GWP was down on 2019 after a number of products lines were "materially affected" by Covid-19.
Stuart Kilpatrick, of Burns & Wilcox, a HW Kaufman company, considers how the tough market could evolve in a post-Covid world.
The improved position was down to lower motor claims due to the lockdown as the insurer reports growth in broker deals for household and commercial.
UK CEO Jon Dye discusses the business interruption test case and why communication with brokers is critical, after Allianz revealed its total impact of Covid-19 BI claims in 2020 was £175m, net of reinsurance.
Provider says total impact of Covid-19 BI claims in 2020 was £175m and details it has to date paid 78% of valid SME claims.