by Kenneth Underhill | Mar 19, 2024 | Appointed Representatives, Blueprint Two, Brokers, Climate Change, Compliance, Consumer Duty, Culture, Digital, Enterprise Risk Management, Environmental Social and Governance, Fair value, FCA, HR, ICSR News, Insurers, IT, Kenneth Underhill, Lloyd's, Multi Occupancy Buildings Insurance, Operational Resilience, Operations, Pricing, Product Governance, Prudential Regulation Authority, Risk, Solvency, Vulnerable customers
The latest edition of Horizons, our quarterly report for senior leaders across compliance, risk and regulatory roles within insurance firms is now available. This edition covers:IntroductionThe Longer-term HorizonQ1 2024 Issues: GeneralFinancial Services Future...
by Benoit Steulet | Feb 22, 2024 | Blueprint Two, Compliance, FCA, Insurers, IT, Lloyd's, Operational Resilience, Operations, Prudential Regulation Authority, Risk
This article was first published by Insurance Day in their Viewpoint section and subsequently also included in their Market Modernisation feature in February 2024. Change is inevitable and our market is constantly managing a whole variety of change programmes, each...
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 Kenneth Underhill | Apr 25, 2023 | Consumer Duty, Culture, Environmental Social and Governance, FCA, Financial Crime, Operational Resilience, Product Governance, Senior Managers and Certification Regime, Vulnerable customers
The FCA Business Plan sets the regulatory agenda for regulated insurance firms in the coming 12 months. Released on 5th April 2023, the current plan has a strong focus on the way the FCA uses the Threshold Conditions to instil confidence in consumers. For 2023/4 there...
by Kenneth Underhill | Jan 26, 2023 | Climate Change, Culture, Operational Resilience, Prudential Regulation Authority, Risk, Solvency
On 10th January, the PRA issued a letter to all Life and General Insurers, setting out its supervision priorities for 2023. Nothing in the list of priorities should come as a great surprise to insurance firms, and in a recent meeting with a client we noted that there...
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...