Early in the Second World War, Winston Churchill is reputed to have said “this is no time for ease and comfort. It is the time to dare and endure.”
Kenneth Underhill explains how ICSR are adopting this mantra.
The FCA has just issued the details of the outcome of its review on outsourcing in the Life Insurance Sector. Kenneth Underhill looks at the links to other Consultation Papers issued by the FCA and gives his views on what firms need to do next.
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.” Kenneth Underhill looks at what this means for the insurance sector.
A briefing on the impact of the new IR35 rules and the actions insurance businesses will need to take to ensure they and their contractors can continue to work in a manner that is best suited to their individual needs. The event takes place on 15th January 2020.
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.
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.
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.
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.
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.
Kenneth Underhill looks at the recently released FCA report on General Insurance Pricing Practices – an issue now commonly referred to as ‘price walking’.
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.
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