Regulation
Post magazine – 5 September 2013
This week's issue of Post is now available to subscribers.
Your say: Give brokers greater autonomy
Regulation is a good thing, but it must be proportionate and appropriate.
Insurers urged to comply as US regulator turns to Lloyd’s in Iran sanctions inquiry
The New York regulator’s request for information on sanctions breaches from Lloyd’s of London indicates the watchdog’s attentions have shifted away from banks and onto insurers, market insiders have warned.
Post magazine – 29 August 2013
This week's issue of Post is now available to subscribers.
Interview: Mark Cloutier: Maintaining momentum
After restructuring last year, Brit has posted impressive results for the first half of 2013 – and chief executive Mark Cloutier insists the firm is on the right track to becoming top dog at Lloyd’s
Ethics: Do the right thing
The insurance industry may need a root and branch overhaul of its approach to ethics. But with claims that companies don’t actually understand the issue, the road to restoring trust is set to be rocky.
Scotland’s future – financial services regulation
Among the questions Scotland's independence referendum raises for the insurance industry is how financial services would be regulated if Scotland votes for independence in September 2014.
FSB launches consultation on resolution regimes for insurers
The Financial Stability Board today launched a public consultation on the application of the Key Attributes of effective resolution regimes for non bank institutions.
FCA denies review was sparked by broker’s remuneration issues
The Financial Conduct Authority has distanced itself from claims its thematic review into brokers’ conflicts of interest was triggered by an investigation into a broker that revealed issues with its remuneration practices.
Mesothelioma: Bearing the burden
With the Mesothelioma Bill due to come into operation early next year, just how much strain is the compensation scheme likely to put on insurers?
Gender Directive: New Tricks
The EU Gender Directive has given rise to a new generation of ‘girly’ motor insurers – but are the practices sustainable in the long term?
View from the Top: Don’t let data leave you behind
So, after my 20-month holiday, what’s new in the market? Well, you are certainly all a bit greyer around the temples.
Insurers urged to get women in boardroom before legislation mandates it
Insurers have been advised to act on boardroom diversity before they face legislation.
Your say: Lack of MRI value for whiplash
Axa recently produced a whiplash report in which it advocated the use of MRIs in whiplash injury claims.
UK regulator warns on Axa clone
The Financial Conduct Authority has warned that a firm branding itself as Axa Isle of Man Limited has no ties with the French insurer.
FCA warns on Axa clone
The Financial Conduct Authority has warned that a firm branding itself as Axa Isle of Man Limited has no ties with the French insurer.
India confirms banks can become brokers
The India Regulatory Development Authority has confirmed banks can become brokers and sell the products of several general and life insurers.
Whiplash: What next?
The Transport Select Committee published the much anticipated findings of its inquiry into whiplash claims last week.
Asia View from the Top: Islamic insurance at the crossroads
Steven Dewhurst, partner at DAC Beachcroft, suggests regulatory action is needed to help tighten up the takaful market.
CII: Data protection hindering fraud fight
The industry's attempts to work together to combat fraud are being hampered by the Data Protection Act, the Chartered Insurance Institute has claimed.
Fund managers PI queries set to rise
Insurers can expect an increasing number of professional indemnity queries from new and existing fund manager clients and their brokers as the cover becomes a regulatory requirement, CMS Cameron McKenna has warned.
Andy Briscoe appointed chairman of Money Advice Service
Andy Briscoe, chairman of general insurance intermediary The Policy Shop, has been appointed chair of the Money Advice Service.
Post magazine – 1 August 2013
In this week's Post, the conclusion of a Transport Select Committee inquiry into the cost of motor insurance has sparked “disappointment” among insurance industry bosses after MPs refused to support Ministry of Justice plans to place whiplash claims on…
Insurers insist they have nothing to hide after ‘self serving’ legal campaign
Law Society says claimants accepting early offers are being ‘mugged’.