Financial Conduct Authority (FCA)
Insurer optimism remains flat despite increased hiring and investment
Business volumes, profits and hiring in the general insurance sector remained strong in Q2 2017 despite optimism remaining flat, a survey has revealed.
Marsh and Aon offices visited in connection to Irish motor competition investigation
Marsh and Aon are among the brokers visited by the European Commission as part of its motor investigation in Ireland.
Editor's comment: Time to reward loyalty
Last summer, while holidaying in Spain, we stumbled across an inflatable Wipeout course floating a hundred metres or so off the beach. With the exuberance of youth, my nephew, nieces and son were keen to have a go and several adults, myself included,…
Career file: Keith Jackson
Keith Jackson has been appointed as the director of general insurance and protection at the Financial Conduct Authority
Analysis: The truth behind the broken system of dual pricing
The industry has faced sustained attacks in recent months for its ‘shameful’ practice of raising rates for loyal customers, with one newspaper calling for the government to ‘punish the insurance pirates’.
Interview: Matthew Crummack, Go Compare
When Matthew Crummack took the driving seat at Go Compare a year ago this month, the business was in the midst of a demerger from parent Esure. The CEO of the price comparison site sat down with Ryan Hewlett to discuss his first year in the job, taking…
FCA seeks input on how to help vulnerable insurance customers
Insurance customers are increasingly finding it difficult to navigate the market, the Financial Conduct Authority has warned.
This Week in Post: The Queen's Speech, whiplash and a year on from Brexit
As Her Majesty the Queen delivered her all-important speech to open parliament, insurers had a lot to think about.
CMCs to be brought under the heel of the FCA
Claims management companies will see fees capped and the sector regulated by the Financial Conduct Authority, under plans to tackle “widespread malpractice”.
FCA reviews travel insurance for cancer patients
The Financial Conduct Authority has launched a public consultation to see if changes are needed to make it easier for people with cancer to get travel insurance.
John Griffith-Jones to leave the FCA
John Griffith-Jones, chairman of the Financial Conduct Authority is to step down from his role at the regulator next year.
FCA orders Admiral to contact customers after providing false renewal information
The Financial Conduct Authority has ordered Admiral to contact customers who may have received inaccurate premium amounts in renewal documents.
Five insurtech firms to begin testing in second round of FCA's sandbox
Five insurtech firms are set to begin testing in the second cohort of the Financial Conduct Authority’s sandbox after successful applications.
Legal Update: The problem with delegated authorities
Do delegated authorities represent a short-term solution that is creating long-term problems? Jeremy Irving, partner at DWF, discusses.
Roundtable: Digital: Brokers - Surviving the digital age
At a time when regulation and taxes are weighing heavily on their operations, brokers find they have to adapt to the digital age. At a Post roundtable, in association with SSP, they discussed how they can leverage new technologies to better serve their…
FCA names Keith Jackson as director of GI
Aon’s chief risk officer Keith Jackson has been appointed to the role of director of general insurance and protection at the Financial Conduct Authority.
Q&A: Cheryl Agius, L&G
Cheryl Agius was recently appointed CEO of Legal & General's general insurance business. She talks to Post about what GI can learn from retirement and other sectors, and in which areas she's looking to grow the business.
Mass's Simon Stanfield on the whiplash opportunity
The delay in whiplash reform should not be wasted, says Simon Stanfield, chair of the Motor Accident Solicitors Society, urging all parties to grasp the opportunity.
Direct Line's Paul Geddes reportedly linked with ITV CEO role
Direct Line CEO Paul Geddes has reportedly been linked to the ITV CEO job following the departure of Adam Crozier earlier this month.
Dacre Bleu: will the industry act after Daily Mail attack on insurer 'sharks' and 'pirates'?
Post content director Jonathan Swift reflects on the Daily Mail coverage of insurers reportedly ripping off loyal customers, and asks if beneath the tabloid headlines there lies a home truth the industry needs to act on?
Broker: Feeling exposed?
Many brokers’ professional indemnity policies contain exclusion clauses that limit their cover, leaving them and their customers exposed
Blog: Brokers needn't fear FCA commission reforms
If the Financial Conduct Authority restricted gross rate commissions on finance arrangements, brokers could feel a painful blow. However, they could claw back income elsewhere, argues Ravi Takhar, CEO of Bexhill UK, urging them to bring the premium…
UK General chief risk officer resigns
UK General chief risk officer Steve Blott has left the business.
Finishing line in sight for the IPID
Although many who voted for Brexit may have hoped otherwise, leaving the European Union will not enable the UK insurance community to turn a blind eye to the insurance regulations dreamed up by those famously unelected bureaucrats in Brussels. Although…