SM&CR: Lessons To Be Learnt From The FCA Archives
To use a quote attributed to Winston Churchill, “Those that fail to learn from history, are doomed to repeat it.” This article discusses the impact of being subject to the Conduct Rules for those already subject to the Rules and for those who very soon will be.
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Culture, Senior Management and Mental Health
Mental Health including stress is a serious issue and affects considerably more people in the workplace than is apparent. Kenneth Underhill considers this important issue and looks beyond the human aspect to consider also the regulatory implications.
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Insurance Distribution Directive Implementation And The Lloyd’s Market
Last month Lloyd’s issued its eagerly awaited report on the implementation of the Insurance Distribution Directive. The report is not extensive and is worth a read if you are doing retail and SME business in that market whether as a Managing Agent or a coverholder. Kenneth Underhill considers its implications.
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Implementing SM&CR for solo-regulated insurance businesses – Part 5: Converting existing Approved Persons and making new SM&CR applications
In this 5th article on SM&CR we focus on converting existing Approved Persons to SMFs, making new SM&CR applications and what happens to pending Approved Person Regime (“APR”) applications.
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Emerging Challenges for Complaints in the General Insurance Sector: Pricing Practices Within Retail General Insurance
Pricing practices within retail general insurance have been subject to considerable scrutiny this year, with the FCA. In this report, ICSR Consultant Adrian Crick explores the issues that the FCA has been heavily focusing on.
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Are you walking into a price problem? General Insurance Pricing and the FCA Remedies
Kenneth Underhill looks at the recently released FCA report on General Insurance Pricing Practices - an issue now commonly referred to as 'price walking'.
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The Practical Challenges of sanctions and KYC screening in the insurance sector – A Presentation
At an event on 22nd November, Jason Jones (Director at ICSR) and Tom Devlin (Senior Regulatory Adviser at RiskScreen) will look at the evolving screening challenges insurance firms are facing and explore some of the options available to address them. Register now.
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Implementing SM&CR for solo-regulated insurance businesses – Part 4: Further Developing Your HR Processes
In this 4th article we will be focusing on further developing your firm’s HR processes in order to be ready by the commencement date which is now less than four months away. The focus is on how to further develop your HR processes
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Implementing SM&CR for solo-regulated insurance businesses – Part 3: Developing your HR processes
In this 3rd article on SM&CR for solo-regulated firms we will be focusing on the HR processes that your firm should be developing now, in order to have them implemented by the commencement date which is now just five months away.
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Bridging The Gap: Distribution Chains and FCA Expectations
Since the issue of the FCAs’ papers on value in the distribution chain in April this year ICSR has been involved in a number of discussions and debates with clients and others about what the impact is on current practice and how firms can meet their obligations. Kenneth Underhill explores the issues.
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Intelligent Insurer – an Interview With Kenneth Underhill
"Regulatory and Compliance changes: how to cope" - An interview with Kenneth Underhill.
Read the full interview.
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Implementing SM&CR for solo-regulated insurance businesses – Part 2: Six tasks to be starting now
This is the second in our series of Senior Mangers & Certification Regime (SM&CR) articles that we will be releasing in the run up to the 9 December 2019 commencement date. Our first article, which was published last month, looked at four fundamental elements...
