All FCA articles – Page 2
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NewsFCA identifies ‘areas for improvement’ in insurers’ valuation of vehicles
The findings of the regulator’s multi-firm review have identified some failings in motor total loss claims
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NewsFCA warns of clone pretending to be Admiral Insurance
’Scammers may give out other false details, including email addresses, telephone numbers, postal addresses and firm reference numbers,’ says regulator
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News AnalysisFCA battling ‘snitches get stitches’ mindset when it comes to non-financial misconduct
’We can sit here and say ‘oh, it is a terrible culture,’ but what are we going to do about it?’ asks member of parliament
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NewsGovernment u-turn on angel investing rules will ‘help increase diversity’ of insurtech founders
Chief executive says it is ’heartening to see the government acknowledging the pivotal role angel investors play’
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News AnalysisTechTalk: AI code of conduct is a start – but ‘comprehensive governance structure’ still needed
’While it’s possible to set general principles, how do you translate that into something that’s going to work for every company or use case?’ says head of analytics
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NewsFCA to be quicker and more transparent on enforcement cases
’We will amplify the deterrent impact of our work,’ says executive director
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News‘Room for improvement’ – FCA reveals brokers’ Consumer Duty performance
’We do not want to see firms waiting to see if we will intervene to address an issue,’ says executive director
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News AnalysisBriefing: Is the FCA getting its own house in order?
The regulator’s newly released service metrics demonstrate its commitment to becoming more assertive
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News AnalysisBriefing: What next after Gap?
The FCA’s latest target could be the start of more to come
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NewsAI code of conduct for insurance industry launched
’It’s a code built on general principles as much as detail,’ says director
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NewsBosses showing signs of ‘over-confidence’ on D&I strategies ahead of FCA policy
’It’s interesting to see the confidence in the sector when it comes to progress being made on D&I policies,’ says UK head
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News AnalysisBriefing: Insurers on red alert as FCA looks set to bare teeth over Consumer Duty
At a recent webinar, a compliance expert claimed the regulator had ’20 enforcement notices sat on their desk ready to go to insurers over the next quarter’
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News AnalysisTechTalk: AI uptick could see firms needing insurance to cover ‘mishaps’
While the onus for responsible use of AI currently lies with the regulator, should the insurance sector be addressing these concerns as a matter of priority?
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NewsBiba welcomes new leasehold buildings insurance reforms
’The statement coincides with extensive new work Biba has commissioned to help members better demonstrate fair value,’ association says
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NewsFCA slammed as ‘irresponsible’ after Gap insurance warning
’This latest warning barely recognises the hard work online providers do to provide reliable and honest coverage,’ says managing director
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News AnalysisBriefing: FCA comes out swinging for insurance outliers
The regulator has placed Gap insurance firmly in its crosshairs – but that is no let off for the wider sector
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News AnalysisCould the debanking scandal cross over into insurance?
The FCA said that it ’would not consider it appropriate to cancel a policy purely on the basis of a policyholder’s views’
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NewsDirect Line Group agrees to business review after overcharging customers in FCA first
’DLG will carry out a review to identify all instances where a customer has been overcharged,’ says FCA
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News AnalysisTechTalk: ‘Licensing process is a maze’ for insurtechs tied up in complex regulation
For insurtechs applying for a carrier licence for example could hold options but due to complicated and lengthy approval periods it may not be suitable for all, which means Gibraltar remains popular
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NewsConsumer Duty still causing ‘headaches’ as regulation comes into force
However, head of consumer strategy says there can be ’really good benefits’ in the long-term
