IIB calls foul over FSA proposal

The Institute of Insurance Brokers said today it was "extremely alarmed about proposals the Financial Services Authority is making, which, if adopted, would have the effect of depriving consumers of vital information when dealing directly with insurers."

The FSA proposals contained in Consultation Paper CP05/14 involve amendments to the Insurance Conduct of Business Rules (ICOB) and include abolishing status disclosure for insurers dealing directly

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City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

AI system launched to overhaul claims settlements

Stephen Kavanagh, who has spent more than 25 years developing technology to transform financial service business processes, has created a system that overhauls how insurance losses are assessed and settlements reached.

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