by Kenneth Underhill | Jun 9, 2022 | ICSR News, Operations
ICSR is delighted to announce the appointment of Lance Grant as Head of Operations with effect from 13th June 2022. Lance is a highly experienced and well-regarded business and technology architect who has worked on some of the largest and most significant change...
by Kenneth Underhill | Apr 26, 2022 | Compliance, Insurers, Lloyd's, Operations, Prudential Regulation Authority, Risk
Last week, the PRA published their annual Business Plan and proposals for the regulated fees and levies. It is a year that will likely see some significant challenges for the regulator and regulated firms with the Future Regulatory Framework proposals currently being...
by Kenneth Underhill | Apr 14, 2022 | Compliance, Governance, Lloyd's, Operations, Risk
The adoption of Lloyd’s new principles-based approach to market oversight is now well underway. Managing Agents should be well advanced with their self-assessment work for individual syndicates, ahead of the deadline of 29th April for the submission of completed...
by Kenneth Underhill | Apr 8, 2022 | Compliance, FCA, Operations, Risk
On 7th April 2022, the FCA released their updated 3 year strategy setting out their vision and ambitions for the period, along with the 2022/23 Business Plan. These documents reflect the shift in regulatory style Nikhil Rathi signalled on his arrival at the FCA when...
by Kenneth Underhill | Mar 15, 2022 | FCA, Operations, Prudential Regulation Authority
Report Contents Introduction Governance Capital Underwriting Reinsurance Claims Actuarial Risk Compliance Internal Audit IT Corporate Additional Changes Summary Introduction There is a trend for MGAs to look at changing from an MGA model into a full insurer. Our...
by Nicky Hasler | Feb 10, 2022 | Compliance, FCA, Operational Resilience, Operations, Prudential Regulation Authority
As we approach the 31st March 2022, many firms will be asking themselves, have we done enough on Operational Resilience to satisfy the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA)? In March 2021, the PRA supplemented the Operational...
