The British Insurance Brokers’ Association has set out its agenda for 2023 with the launch of its manifesto titled ‘Managing Risk – Delivering Stability’ containing 37 commitments and 32 calls to action.
Aviva has urged brokers to keep having the conversations needed with clients on business continuity plans as the insurer revealed only 28% of firms have one in place.
Direct Line's profit warning sent shockwaves through UK insurer's share price yesterday, with Aviva and Admiral also suffering. Personal lines brokers should notice the problems Direct Line faces, as they are industry-wide and give insight into what to…
The findings of a survey, which revealed that nearly half of brokers interviewed were not aware of the Financial Conduct Authority’s Consumer Duty rules, is a ‘big concern’, according to compliance experts.
A survey of 250 brokers has found that only just over half (53%) are aware of the FCA’s new Consumer Duty rules. This raises concerns that a significant number of brokers are behind schedule with plans to implement them, Insurance Age can reveal.
The Financial Conduct Authority dished out £214,250,056 in fines in 2022, the fourth lowest on record since the FCA was formed in 2013.
In the latest part of Insurance Age's review of the year Nick Houghton, CEO, JMG Group offers his reflections on 2022 and predictions for the next 12 months.
In the latest part of Insurance Age's review of the year Sean Kemple, managing director, Close Brothers Premium Finance offers his reflections on 2022 and predictions for the next 12 months.
In the latest part of Insurance Age's review of the year Ross Barrington, managing director of Markerstudy Broking, offers his reflections on 2022 and predictions for the next 12 months.
The Financial Ombudsman Service has frozen its levy for the 2023/24 financial year at £106m stating that due to the current economic climate and the pressures that businesses are under there will be no increase for inflation.
The FCA’s claims data on personal lines shows customers get a ‘far better outcome’ when taking advise through brokers, according to Aston Lark chief executive Peter Blanc.
The CEO of Brokerring, Stuart Randall, recently told delegates at Broker Expo 2022 it can cost £250,000 to start-up a brokerage. Sophie Locke-Cooper explores why it is now so expensive - and whether it is proving detrimental to those seeking to go alone.
Ageas, Axa UK and LV have some of the highest claims rejection rates in home insurance out of all the insurers who work with brokers, Financial Conduct Authority figures show.
The British Insurance Brokers’ Association’s executive director, Graeme Trudgill has responded to the Financial Conduct Authority’s review of the funding of the Financial Services Compensation Scheme.
The Financial Conduct Authority has published the feedback it received to its call for input on the framework for protection provided through the Financial Services Compensation Scheme, following concerns about increasing costs.
The Financial Conduct Authority has warned that firms’ diversity and inclusion strategies are not consistently based on a clear diagnosis of their specific circumstances and challenges, meaning actions and initiatives may not be appropriately focused.
The Financial Conduct Authority has established an environmental, social and governance advisory committee to help the regulator execute its ESG-related responsibilities.
Government plans to reform the Senior Managers and Certification Regime are an opportunity to speed up approval processes which are taking too long, compliance experts say.
The government has announced plans to begin a review into reforming the Senior Managers and Certification Regime.
The Financial Conduct Authority needs urgent staff reform amid a collapse in morale that means it cannot regulate effectively, union Unite has claimed.
The Financial Conduct Authority’s premium finance crackdown threatens a significant revenue earner for brokers. Big players with strong balance sheets are making moves
The Information Commissioner’s Office has fined five firms a total of £435,000 for making nearly half a million nuisance calls trying to sell white goods insurance.
SSP has been told it must improve service after the latest attack caused Axa to cut off its personal lines to brokers
The Financial Conduct Authority has proposed new measures to stamp out illegal, unfair or misleading financial marketing.