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 Nicky Hasler | Jun 23, 2021 | FCA, ICSR News, Pricing
The Financial Conduct Authority (FCA) recently published its policy statement outlining the new rules to be implemented for General Insurance Pricing Practices (GIPP). In this article we set out what the new rules are, who they apply to, and the impact of the new...
by Kenneth Underhill | Nov 9, 2020 | Culture, FCA, Governance, Pricing, Product Governance, Senior Managers and Certification Regime, Vulnerable customers
Amongst many new obligations placed on insurers and insurance brokers by the FCA, as it grapples with meeting its objective of preventing harm to consumers resulting from the coronavirus pandemic, is a requirement that product manufacturers review the value that their...
by Kenneth Underhill | Nov 3, 2020 | Brexit, Climate Change, Culture, FCA, Governance, Pricing, Vulnerable customers
If you have started thinking about which areas your board might be interested in focusing on in 2021, then please read on. We’ve spent a lot of our time in 2020 reading the minutiae of detail in FCA Business Plans, Consultation Papers, Guidance Notes and Policy...
by Kenneth Underhill | Oct 15, 2020 | FCA, Pricing, Product Governance, Senior Managers and Certification Regime
Price walking has dominated the headlines as the FCA, CMA and Citizens Advice have all talked about the risks of consumer harm arising from ‘general insurance pricing practices’ that have often treated new and existing customers very differently. The reality of the...
by Kenneth Underhill | Feb 19, 2020 | Brexit, FCA, ICSR News, Insurance Distribution Directive, Lloyd's, Operational Resilience, Pricing, Product Governance, Vulnerable customers
Released this week, ‘Sector Views’ is the FCA perspective on “the way the financial environment is changing and the impact of these changes on consumers and market effectiveness.” It gives us a clear indication of the areas where the FCA see potential risk of harm to...
