by Natalie Dick | Jul 11, 2023 | Compliance, Consumer Duty, FCA, Insurers
With less than one month to go for the Consumer Duty Implementation, the financial service industry has been working hard to progress and implement frameworks to demonstrate compliance with the new requirements. Many firms have been well engaged and are either...
by Kenneth Underhill | May 16, 2023 | Compliance, Consumer Duty, Fair value, Insurers
ICSR is delighted to announce it has entered into a formal collaboration with VisRisk, allowing it to offer clients access to a Fair Value Assessment toolkit that streamlines processes and provides a full evidence trail of the work performed on fair value compliance....
by Claire King | May 16, 2023 | Climate Change, Compliance, Enterprise Risk Management, Environmental Social and Governance, Insurers, Operational Resilience, Prudential Regulation Authority, Risk, Solvency
The PRA Business Plan was released in early May and sets out their workplan, strategy and budget for the 2023/24 period of activity. As a key public statement from the Regulator, its importance in understanding the focus for the coming year sits alongside the earlier...
by Palak Bedi | May 12, 2023 | Compliance, Fair value, FCA, Insurers, Multi Occupancy Buildings Insurance, Product Governance
The FCA have published a Consultation Paper (CP23/8 – Multi-occupancy building insurance) detailing their proposed reforms to the multi-occupancy building insurance market. Published on 21st April, the consultation period runs to 9th June and contains a number...
by Lance Grant | Mar 15, 2023 | Blueprint Two, Insurers, Operations
Date: 20th April 2023, 9am (coffee and light breakfast served from 8:30am)Venue: Old Library, Lloyd’s Register Now Join us for a market briefing on Thursday 20th April when we look at what impact Blueprint Two London market reforms will have on insurance companies and...
by Claire King | Jan 18, 2023 | Compliance, FCA, Insurers, Operational Resilience, Operations, Prudential Regulation Authority
In the wake of the extensive, and sometimes painful, Operational Resilience projects which have been undertaken by the financial services sector over the last 18 months, comes a sobering reminder of why this regulation is so important. In December 2022, the PRA and...