Regulation
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
News
Update issued after FCA stops Scottish broker from trading
Restrictions were first placed on the Scottish broker in January 2025
News Analysis
Motor insurance affordability under pressure amid FCA scrutiny
As motor insurance premiums continue to squeeze household budgets, scrutiny from regulators and policymakers is intensifying. But with competing priorities and political setbacks, is real change on the horizon?
News Analysis
Industry deems regulatory focus on operational resilience a ‘sensible move’
The FCA is collaborating with its regulatory peers to introduce new rules around operational resilience, seeking to mitigate ‘intolerable harm’ arising from disruptive events
News
Covéa inks new deal to assess broker performance and ease regulatory compliance
’This partnership is a fantastic example of how our insights can be tailored to meet the diverse needs of different teams,’ says co-founder
News
High Five: Catch up on the biggest exclusive stories this week
Insurance Times rounds up the biggest exclusive stories from 10 to 14 February 2025
News Analysis
The Big Question: Which regulations and data reporting should the FCA cut to boost industry growth, following letter to PM?
In January 2025, the FCA wrote to prime minister Keir Starmer about removing ’unnecessary regulation’ and reducing ’how much data some firms must provide’ – but what does the insurance industry think this could look like in practice?
News Analysis
Can the broker commission model survive regulatory headwinds?
’There’s a need for a makeover of percentage-based models where commission is unjustified, undisclosed and uncapped,’ says partner
News
MGA warns that no win, no fee firms threaten insurers’ stability
’Without stricter regulation, these firms will continue to drive up costs, create unnecessary complexity and undermine consumer confidence,’ says claims director
News
FCA reveals how many general insurance firms breached financial promotion rules
’We have stepped up our efforts to make sure that financial promotions are clear, fair and accurate,’ says director
News Analysis
Deregulation vital if UKGI wants to remain at the forefront of UK’s growth strategy
Rachel Reeves is leading the charge for a more competitive UK economy, however is the insurance sector cutting off its nose to spite its face with regulation that hampers agile innovation?
News
FCA action against misleading financial adverts nearly doubles
’Over the past year, we have seen a growing number of misleading and illegal financial promotions,’ says director
Sponsored Content
Insurance as a catalyst for energy efficiency in the built environment – Dual UK
Rob Best, managing director of climate risk and resilience at Dual UK, unpicks how and why built environment-based businesses should embrace retrofitting to improve energy efficiency
News
Biba urges insurers to address differential pricing in fair value warning
’It is vital that insurers ensure fair value and consistency in the provision and pricing of their products through each of their distribution channels,’ says manifesto
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