by Kenneth Underhill | Jun 29, 2020 | Coronavirus, FCA, Governance, Operational Resilience
The FCA recently issued guidance on appropriate financial resources for all solo regulated firms, i.e. insurance brokers, claims management firms and MGAs in the insurance sector. FG20/1 is designed to provide guidance to firms on the FCA’s expectations about how...
by Kenneth Underhill | May 15, 2020 | Coronavirus, FCA, Governance, Operational Resilience, Product Governance
Introduction Risk management is at the heart of insurance. The purpose of the insurance industry is to assist customers, to help them mitigate the risks that they or their businesses face which might cause significant or irreparable financial damage or loss. Whether...
by Nicky Hasler | May 4, 2020 | Coronavirus, FCA, Financial Crime, Governance, Operational Resilience
When we think of Financial Crime, many of us will think of money laundering, fraud, tax havens and perhaps complex organisational structures to disguise the true origin of wealth. Financial crime is not new and there have been many examples of unscrupulous individuals...
by Kenneth Underhill | Apr 29, 2020 | Coronavirus, FCA, Governance, Insurance Distribution Directive, Lloyd's, Operational Resilience, Product Governance, Prudential Regulation Authority, Senior Managers and Certification Regime
Contents: The Short Term The Long term Risk Management Governance Product Governance and Underwriting Capital Modelling Operational Resilience Recovery and Resolution Planning Economic Climate Summary: A Market Solution Introduction The current coronavirus pandemic,...
by David Russell | Apr 22, 2020 | Coronavirus, FCA, Governance, ICSR News, Operational Resilience
Covid19 has dominated all our lives recently and the most common feeling from the government downwards is that we never could have expected this. We could not have anticipated the profound impact it has had on our lives, our society and the economy. But on another...