Against the backdrop of the FCA announcement last week that they will be conducting a full market study into pricing practices in retail motor and home insurance, the Prudential Regulation Authority release of their updated ‘approach to insurance supervision’ document has perhaps slipped slightly under the radar screen.read more
The FCA have announced that they will be conducting a market study into pricing practices in retail home and motor insurance. The announcement follows an initial piece of supervisory work, for which the results were announced on 31st October 2018.read more
ICSR is delighted to have been accepted as a Supplier Member of the MGAA. MGAs are at the heart of our business and we are excited about the opportunity to play our part in helping members as they seek to drive best practice in their operational performance.read more
The date for implementation of the IDD is fast approaching. This article focuses on the new Customer Best Interests rule and what it may mean for insurance businesses whether they be intermediaries, including MGA’s, or insurers.read more
With the IDD implementation date fast approaching many companies in the insurance industry are finding the need to change their documentation challenging. Kenneth Underhill offers some advice on the approach to take.read more
ICSR has further strengthened its team with the appointment of Craig Umbleja as a Senior Consultant.
Umbleja joins ICSR to provide an additional level of resource that reflects the changing and growing needs of customers, in a regulatory environment that is constantly evolving.
This article is the first in our series on the Insurance Distribution Directive (IDD) due to come into force in the UK on 1st October 2018. Our approach is to not just raise for our customers and others the fact of new regulation, but also to give insight into issues which may arise with a view to helping clients to frame their response.read more
The UK Treasury released draft legislation earlier this week designed to provide some certainty amid all the uncertainty. The draft legislation will permit EEA firms to continue to trade in the UK after the Brexit Date in March next year even if no deal has been done with the EU.read more
We’re looking to grow our Talent Pool. We would like to hear from you if you are a solution focused, happy and motivated consultant or contractor with a minimum of 15 years’ experience within the insurance industry. Get in touch to see if ICSR could be your next career move.read more
There are two significant changes coming up in 2018. In October the Insurance Distribution Directive (IDD) will come into force and in December the Senior Managers and Certification Regime (SMCR) takes effect. Both are likely to require reasonably significant work in order to meet the new rules.read more
Brexit takes place in March next year, regardless of the fact that there may be an agreement (so far with little detail) about a transition period in place until 2020. What does this mean for UK intermediaries with EU based risks?read more
Andrew Bailey spoke at BIBA 2018, covering some of the key issues the FCA are currently addressing in the general insurance sector. ICSR Director, Kenneth Underhill, picks out a few highlights.read more