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Briefing: Ifed showcases suite of enforcement tools and partnerships in fight against fraud
Nearly half of brokers consider the regulatory environment in the UK insurance market ‘too restrictive’
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Regulation
News Analysis
Nearly half of brokers consider the regulatory environment in the UK insurance market ‘too restrictive’
Smaller firms without dedicated compliance teams find current regulations the most burdensome, according to exclusive Insurance Times research
News Analysis
Five years of ombudsman data exposes insurance’s biggest complaints
A five-year review of ombudsman complaints data reveals motor insurance continues to dominate complaints volumes, while travel insurance has the highest upheld rate of the major UKGI business lines
News Analysis
In Focus: Was Gap insurance ‘unfairly targeted’ by the FCA?
’The way [the FCA has] gone about it, closing down an entire market, is unheard of,’ says managing director
News Analysis
Briefing: Consolidation shrinks UK broker volume – but paves way for new talent and insurtech entries
The number of retail brokers regulated by the FCA has reduced by 46% between 2006 and 2024 – this is leading to new trends and acquisition focuses across UKGI in 2025. However, more M&A is definitely on the cards…
News
London market bodies launch misconduct training programme after FCA request
’The workshops are designed to equip key stakeholders across the insurance sector with the knowledge, tools and strategies needed to enhance workplace culture, governance and compliance with FCA expectations,’ says chief executive
News
FCA unveils new five-year strategy to ‘support growth’ and ‘deepen trust’
’We are ambitious for the future and committed to enabling a fair and thriving financial services market for the good of consumers and the economy,’ says chief executive
News
FCA issues update on probe into second insurance market
’There are concerns that commissions used to sell these products may affect the outcomes consumers receive and the products’ value or design,’ says regulator
News Analysis
Briefing: The UK’s unique opportunity to create a world-first ‘insurer of state’
Insurtech leader argues that risk management could become ’a proactive and strategic arm of government’ with the right model
News Analysis
How UK brokers are adapting to a tougher compliance landscape
The cost of regulation in the UK has never been higher, so how are brokers navigating a more arduous landscape?
News
Insurers still charging ‘excessive’ interest to pay monthly, Which? warns
’For millions to face excessive charges due to their circumstances is unfair – and exactly the kind of issue the FCA should address,’ says director
News
Chancellor meets FCA as ‘radical plan to cut red tape’ announced
’Appropriate regulation of our financial services is essential to a well-functioning system, but it must also be proportionate if it’s going to encourage the innovation, investment and growth our customers and economy need,’ says ABI director
News
Brokers want FCA to regulate MGAs separately from insurers and brokers
’A dedicated regulatory framework would not only recognise our unique role, but also reinforce the credibility and trust brokers place in working with MGAs,’ says director
News Analysis
Market responds as FCA shelves ‘name and shame’ and D&I proposals
The updates were revealed in a letter sent to the Treasury Select Committee
News
FCA and PRA confirm ‘no plans’ to take regulatory D&I proposals further
The FCA and PRA initially consulted on proposed rules and expectations around diversity and inclusion for regulated firms in September 2023
News
FCA abandons plan to ‘name and shame’ more companies it investigates
’Considerable concerns remain about our proposal to change the way we publicise investigations into regulated firms,’ says chief executive
News
FCA suspends broker’s permission to carry out regulated activities
The broker ’failed to pay periodic fees and levies owed to the authority as required under the handbook’, says regulator
News
FCA signals potential ‘industry-wide redress scheme’ for motor finance commissions
’Under a redress scheme, firms would be responsible for determining whether customers have lost out due to the firm’s failing,’ says regulator
News Analysis
In Focus: How could the motor market evolve following legal and regulatory scrutiny?
Insurance Times quizzes the industry on how the motor insurance market could evolve considering the Supreme Court’s recent motor finance case and the FCA’s increased focus on premium finance
News Analysis
Insurer gender pay gap reports flag senior staff imbalance and part-time job problem
Median gender pay gaps across the UK’s largest insurers are higher than the national average – but how are these firms seeking to improve pay parity?
News
UK insurance sector is strong because of regulation – FCA’s Matt Brewis
Despite increasing calls for deregulation, the value of a stable environment cannot be understated, says regulator
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