Solvency Threshold Increases – Helping Drive The Regulator’s Secondary Growth Objective
We are expecting further updates on the changes to the Solvency regime for the UK in 2024, including proposed increases to the thresholds for smaller firms. These changes will be of particular interest to those considering a captive arrangement or smaller dual-regulated firms.
ICSR Expands Team With Two New Appointments Across Compliance And Operations Functions
ICSR is delighted to welcome two new employees to the team effective from 2nd January 2024, with both our Compliance and Operations teams growing. We welcome Matthew Davies as Compliance Manager and Marissa Miller as Project Manager.
Big Tech And Insurance – An Opportunity And A Threat
Benoit Steulet looks at the regulatory approach to the threat of Big Tech firms and considers both the opportunity and threat they pose to established insurance firms, against the background of the FCA feedback statement “Potential competition impacts of Big Tech entry and expansion in retail financial services .”
Webinar Recording: Fair Value Assessments and Consumer Duty – An Update on the FCA Approach and Enforcement
On 30th November, Kenneth Underhill delivered a webinar for the MGAA looking at recent enforcement action taken by the FCA and offering some advice on where (co)manufacturers on next steps. Watch the recording.
Claire King Expands Role To Include Responsibility For Compliance
ICSR is delighted to announce that Claire King is expanding her role to assume responsibility for the Compliance Services that ICSR provides to clients, alongside her existing responsibility for Risk.
The Growth Revolution: ICSR Artistry
Kenneth Underhill looks back on another year of exponential growth for ICSR and reflects on some of his personal highlights, including a growing international reputation, a significantly expanded team and some complex but interesting client engagements.
Diversity & Inclusivity: Will regulatory action drive a change in direction for the industry?
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. Niki Underwood looks at the proposals.
Ensuring the Future: Are You Ready For Blueprint Two Phase One?
Full details of Phase One implementation of the Blueprint Two London Market changes have now been released and firms utilising bureau services need to act. Benoit Steulet considers the implications.
General Insurance Value Measures Data 2022 – Last Chance Saloon For Insurers Or Perhaps Even Too Late For Some?
There was yet another warning shot fired by the FCA with the release of the latest general insurance value measures data on 20th September. Kenneth Underhill looks at the data and what it means for Insurance firms.
ICSR Monte Carlo ‘Rendez-Two’
Kenneth Underhill and Iain Bremner are flying the flag for ICSR at the Monte Carlo Rendez-Vous de Septembre this year. If you are in Monte Carlo and would like to catch up with Kenneth and Iain, do get in touch.
Vesttoo – What We Know So Far And What Risks It Poses To The Industry
Vesttoo has been capturing the headlines for the wrong reasons over the Summer months, with some serious questions and allegations being raised. Claire King looks at the background and considers some of the risk and governance issues the circumstances raise.
Neil Jay Joins ICSR As Senior Risk Analyst
ICSR is delighted to announce the appointment of Neil Jay as Senior Risk Analyst with effect from Monday 4th September. Neil has almost 20 years’ experience working in the Lloyds and London Market, with roles ranging from 2nd line Enterprise Risk Management to 1st line Underwriting Controls, MI Data, Broking, and Claims.
