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The Financial Conduct Authority (FCA) has published a "Dear board of directors" letter (PDF) to personal and commercial lines insurers. The letter's terms, however, indicate that its messages were intended for the general insurance (GI) sector overall.
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On 6 January 2020 the Financial Conduct Authority (“FCA”) published a ‘Dear CEO’ letter directed in particular at “insurers … and … insurance intermediaries” about “the issue of non-financial misconduct, [which] continues to be prevalent …”
In September 2019 Lloyd’s of London “… announced … actions designed to make [its] market a place where everyone can feel safe, valued and respected …” Read about the findings here.
This article addresses the regulatory issues around Lloyd’s’ evidence of inappropriate personal behaviour (sexual discrimination / harassment, and alcohol / substance abuse).
This series of articles explores the extent to which the general insurance (“GI”) market has recently become a primary target of regulators’ activities, or is merely the ‘collateral’ victim of banking regulation.
Sometimes it can feel as though there is no such thing as an accident anymore…
The UK general insurance market has for some time now been experiencing significant regulatory scrutiny, even pressure. There has been particular focus on the intermediation that procures customers' agreements with insurers, and the influence of intermediation on claims.
The UK Financial Conduct Authority (FCA) has published the final report (PDF) on its market study of the London wholesale insurance broking market.
The Court of Appeal recently allowed an important appeal relating to the disclosure of documents created in the build up to the eventual proceedings brought by the Serious Fraud Office (SFO).
A recent case (Marsh v Ministry of Justice) has highlighted the problems faced by employers when dealing with disciplinary proceedings against employees.
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