Event: London Market Reform – Why Embracing BluePrint Two Makes Sense
Please join us for a market briefing on Thursday 20th April when we look at the impact of Blueprint Two London market reforms on insurance companies and brokers writing and placing insurance risks in the London subscription market.
Third Country Governance Arrangements – Don’t Let The Tail Wag The Dog
The political and practical ramifications of Brexit continue to evolve, with EIOPA putting the solutions adopted by many firms back in the spotlight earlier this month when it issued its Supervisory Statement on governance arrangements in third countries. Kenneth Underhill and Palak Bedi explain the issue.
The Modernisation Conundrum
For insurance companies and brokers, policy and broker administration systems are the software platforms that power their business. Lance Grant looks at the process of change to these systems.
PRA Insurance Supervision Priorities 2023
On 10th January, the PRA issued a letter to all Life and General Insurers, setting out its insurance supervision priorities for 2023. Kenneth Underhill looks at the issues insurance firms need to be focussed on in 2023.
Customers In Financial Difficulty – The New FCA Guidance
The FCA has published a new consultation paper entitled “Insurance guidance for the support of customers in financial difficulty”. Andrew Carrick looks at what’s included in the consultation and considers what action firms should be taking now.
TSB Operational Resilience Fine – What Lessons Can Insurers Learn From This?
In the wake of the extensive, and sometimes painful, Operational Resilience projects which have been undertaken by the financial services sector over the last 18 months, comes a sobering reminder of why this regulation is so important. Claire King and Yvonne Lancaster look at the TSB case.
Edinburgh Reforms – Are They Really Good News For The Insurance Industry?
Encompassing a raft of key government initiatives that are being collectively badged as Brexit benefits, Chancellor of the Exchequer Jeremy Hunt unveiled his “Edinburgh Reforms” of financial services just prior to Christmas. Claire King has been looking at what the proposed changes mean for the insurance market.
Claire King Joins ICSR As Risk Director
ICSR is delighted to welcome Claire King as our new Risk Director. Claire brings over 20 years’ experience of working in the London Insurance market and will be responsible for leading all aspects of our Risk Advisory work with clients, as well as overseeing the specialist risk expertise across our Talent Pool.
Appointed Representatives – A New Era Or More Of The Same?
8th of December is the deadline by when the FCA is expecting firms which have Appointed Representatives to have made provision for the new Supervision rule updates. Andrew Carrick reminds firms what is expected.
Solvency II to Solvency UK – Proposed Treasury Reforms
In an announcement mostly lost to the scrutiny of the Autumn Budget statement, HM Treasury has published its finalised reforms to parts of the Solvency II regime. Kenneth Underhill looks at the proposed reforms.
A Look Back At The Last 12 Months And What The Future Holds
As our financial year closes Kenneth Underhill has been reflecting on the key elements in what has been another successful year for ICSR. A year that Kenneth describes as being the shift to ‘revolution rather than evolution’ for our business.
Multi-Occupancy Buildings Insurance – Authorised or Unauthorised Activities?
The recent report by the FCA on Multi-Occupancy Buildings raises a specific consideration that brokers in particular need to pay attention to – the risks of working with property managing agents who are unauthorised. Andrew Carrick looks at the issue.
