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 | Feb 19, 2024 | Prudential Regulation Authority, Risk, Solvency
This article was first published by Insurance Day in their Viewpoint section. Reform of the Solvency rules affecting reinsurers operating in the UK is well underway and remains one of the oft-referred-to benefits of our exit from the EU. The new secondary growth...
by Claire King | Jan 29, 2024 | Prudential Regulation Authority, Risk
History is littered with stories of insurance company failures causing varying degrees of harm to policyholders who suddenly find themselves unable to secure payment for valid claims. The Financial Services Compensation Scheme has a whole website page dedicated to...
by Niki Underwood | Oct 17, 2023 | Compliance, Consumer Duty, Culture, FCA, HR, Prudential Regulation Authority, Risk, Senior Managers and Certification Regime
In September the PRA and FCA released co-ordinated Consultation Papers on Diversity & Inclusivity in the Financial Services sector, building on the previous Discussion Paper from July 2021. Progress has been slow, albeit the issue is one that continues to receive...
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...