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 | Jan 17, 2022 | Authorisations, Compliance, Operations, Prudential Regulation Authority, Risk
On 12th January, the PRA wrote to all life and general insurance CEOs, setting out their supervisory priorities for 2022. These should not come as a surprise to firms, with all previously covered in their business plan for the 2021/22 period released in May 2021. The...
by Nicky Hasler | Dec 14, 2021 | FCA, Financial Crime, Risk
As we approach the end of a turbulent 2021, Insurers, brokers and MGAs are facing ‘work from home’ guidance again. The past 20 months have provided firms with unprecedented challenges and it can be all to easy to overlook day-to-day regulatory requirements when so...
by Kenneth Underhill | Jul 16, 2021 | Compliance, FCA, ICSR News, Operations, Risk
Next week, in conjunction with the Managing General Agents Association, Kenneth Underhill will be hosting a webinar looking at the evolving regulatory environment (since 2018) impacting the intermediary market, particularly MGA’s. This will also include a look...
by Nicky Hasler | Jul 5, 2021 | FCA, Financial Crime, Risk
The Insurance sector may be forgiven for not considering itself a direct target for individuals or entities looking to evade their tax responsibilities. The rules and requirements have traditionally focused on banking which is understandable when this sector has often...