On 4 October 2019, the FCA published its much anticipated Interim Report on its Market Study into general insurance pricing practices (the “Interim Report“)....more
On 19 February 2019, the European insurance regulator EIOPA released recommendations for the insurance sector, calling on national supervisory authorities (“NCAs“) in the EU27 to minimise the detriment to insurance...more
2/21/2019
/ Consumer Insurance Products ,
Cross-Border Transactions ,
EIOPA ,
EU ,
European Economic Area (EEA) ,
Financial Services Industry ,
Insurance Regulations ,
Member State ,
NCAs ,
No-Deal Brexit ,
Transitional Arrangements ,
UK ,
UK Brexit
FCA publishes its Final Report for Wholesale Insurance Broker Market Study -
The FCA has published today its final Report in respect of its Market Study of the wholesale insurance broker market....more
2/20/2019
/ Competition ,
Conflicts of Interest ,
Consumer Insurance Products ,
Contract Terms ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Insurance Brokers ,
Insurance Regulations ,
Reinsurance ,
Remuneration ,
UK
FCA publishes final guidance on regular premium PPI complaints and new consultation on mailing rules....more
11/13/2018
/ Consumer Complaint Management ,
Consumer Insurance Products ,
Disclosure Requirements ,
Final Guidance ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Insurance Regulations ,
Payment Protection Insurance ,
Sales Commissions ,
Transparency ,
UK
On 24 October 2018, the FCA published a report on the progress of its consumer communications campaign on PPI mis-selling (the “CCC”) and its supervision of the manner in which firms are handling PPI complaints....more
11/7/2018
/ Complaint Procedures ,
Conflicts of Interest ,
Consumer Credit Act ,
Consumer Insurance Products ,
Failure To Disclose ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Insurance Regulations ,
Ombudsman ,
Payment Protection Insurance ,
Sales Commissions ,
UK
FCA Consultation Paper 18/18 -
On 4 July 2018, the FCA released a Consultation Paper providing guidance and seeking responses on PPI mis-selling complaints, and the issue of recurring non-disclosure of commissions. ...more