Financial Conduct Authority (FCA)
Brexit will not lead to ‘bonfire of regulation’, FCA chief says
Brexit will not lead to a “bonfire of regulation” the new head of the Financial Conduct Authority has warned.
FCA fines Towergate £2.6m for failing to protect client and insurer money
The Financial Conduct Authority has fined Towergate Underwriting Group £2.6m for failing to protect client and insurer money.
Interview: MGAA's James Gerry on what makes an MGA
One of the challenges that James Gerry, the recently elected chair of the Managing General Agents' Association, consistently encounters is over what exactly an MGA is.
Digital: Using social media to engage customers
It has finally clicked with insurers that they need to engage with customers on social media, as it can help attract new business and build trust.
Europe: Getting ready for the General Data Protection Regulation
Insurers have two years to adapt to the European Union's General Data Protection Regulation, at least until the timetable and details of Brexit are clarified.
Interview: Mark Weil, Marsh
Mark Weil, Marsh UK and Ireland CEO, talks to Stephanie Denton about his busy tenure, integrating acquisitions and what comes next
Broker Halo seeks new private equity backing as it enters GAP market with Mapfre
Halo is planning to seek new investment, six years after the car hire excess insurance specialist launched with Bridges Ventures, a social impact fund started by Sir Ronald Cohen.
Blog: Don't rest on your SIMR laurels
After the flurry of activity ahead of the various Senior Insurance Managers Regime deadlines, some firms might have concluded that implementation is complete and it is now possible to relax into business-as-usual mode. However, major ongoing and future…
Video: Improving access to justice
The review into add-ons by the Financial Conduct Authority has pushed legal expenses insurance into the spotlight.
Revealed: FCA and PRA unprepared for a Brexit
The industry’s two main regulators have not carried out any formal review of the potential impact of a Brexit, an investigation by Post can reveal.
Outsourcing: Shaping up to demonstrate customer focus
Service providers and insurers are sharpening up their outsourcing practices to bring them into line with tough new regulatory demands outlined by the Financial Conduct Authority a year ago.
Biba 2016: Brokers need support for innovation
The British Insurance Brokers' Association has called for more support for innovation in the insurance broking sector, in response to HM Treasury’s consultation paper on innovation for financial services.
FCA bans former broker Terence Joint from 'significant influence functions'
The Financial Conduct Authority has banned former insurance broker Terence Joint in relation to the handling and misapplication of client money between April 2011 and June 2012.
Self-driving cars and instant insurance in the news; spotlights on affinity and parachuting in
Important news and exclusive content from Insurance Post over the past week, in case you missed it.
FCA targets thousands of firms in proactive engagement push
The Financial Conduct Authority wants to reach up to 3,000 firms in the next 12 months through its live and local regional programme, which runs until March next year.
Expertise from A-Z - Personal injury reform: Brave new world?
Claims management companies are to come under the remit of the Financial Conduct Authority. What effect will this have on the sector?
Expertise from A-Z - Personal injury reform: Shaking up the compensation culture
Three years after reforms, the underlying problems with the compensation system are still prevalent. What can be done to provide tangible change?
Insurtech firm Trov raises £17.5m as it gears up to launch in the UK and Australia
Technology giant Guidewire and Australian insurer Suncorp are among the parties involved in the latest fund-raising from US insurance disruptor Trov, as it gears up to launch its on-demand cover for single items in the UK with Axa.
Two brokers lose permission to carry out regulated activities under FCA
Brokers David Michael Sayer and Lester Evans have lost their Part 4A permission to undertake regulated activities under the Financial Conduct Authority after failing to pay overdue balances.
Parliament and Treasury Committee’s power ‘greatly strengthened’ in hiring process of FCA CEO
The House of Commons’ and the Treasury Committee’s influence on the appointment and dismissal of the FCA’s CEO has been heightened, according to the latter’s chair, Andrew Tyrie.
FCA SME claims review “sharpened” focus, but was not a major factor in industry response during 2015/16 floods
The insurance industry’s response to the winter flood in terms of SME commercial claims would have been hailed a success, even without the Financial Conduct Authority’s 2015 thematic review into this area.
Regulators publish proposals to improve enforcement decision-making processes
The Financial Conduct Authority and Prudential Regulation Authority have today published proposals aimed at improving the transparency and effectiveness of the FCA's and PRA's enforcement decision-making processes.
McDermott to leave FCA in July
Acting Financial Conduct Authority CEO Tracey McDermott is to leave the organisation on 1 July, the regulator has confirmed.
UK insurtech start-up Guevara to follow US P2P provider Lemonade and launch licensed insurer
One of the investors behind insurtech start-up Guevara has warned others they will need "a lot of patience” to bear fruit in the insurance market.