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TR15/5: Provision of premium finance to retail general insurance customers
TR15/5: Provision of premium finance to retail general insurance customers. Thematic reviews First published:. ... This report is aimed at general insurance intermediaries, insurers, relevant trade associations and consumer bodies. -
Business interruption insurance test case: Defendants’ joint skeleton arguments on causation [pdf]
Defendants’ Joint Skeleton, with updated referencing, on causation of loss for the trial of the business interruption insurance test case. -
First Supervisory Notice 2020: Perry Prowse (Insurance Consultants) Ltd [pdf]
First Supervisory Notice for Perry Prowse (Insurance Consultants) Ltd. -
Christopher Woolard to chair review of unsecured credit market regulation
The FCA has announced that Chris Woolard will chair a review of the future regulation of the unsecured credit market, reporting to the FCA Board. -
The FCA publishes data on complaints and redress for the first half of 2013
Payment protection insurance (PPI) – 1,786,626 complaints opened (61% of new complaints). ... Compensation for general insurance and pure protection products (which includes PPI compensation) accounted for £2.4 billion of the total, followed by £54 -
TR13/1 - Motor Legal Expenses Insurance (MLEI) thematic project
We undertake thematic projects to assess current and future risks in relation to a particular issue or product. This may be across a number of firms, within a specific part of the sector, or at market level. -
Financial Conduct Authority to investigate how firms deal with risk benchmark manipulation
This will include looking at how firms are implementing the Mortgage Market Review, ensuring that firms have embedded the recommendations made in 2013 regarding motor legal expenses insurance and mobile phone ... insurance and reviewing the sales -
Final guidance: Business interruption insurance test case - proving the presence of coronavirus (Covid-19) [pdf]
Following our business interruption insurance test case, we’ve published final guidance on how to prove the presence of Covid-19 in a particular area. -
Insurance firms failing to consider value of the products and services provided to consumers
The Financial Conduct Authority (FCA) is warning General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service. -
Business interruption test case: Insurers joint submissions on common declarations [pdf]
This details the joint submissions of Arch, Argenta, Hiscox, MS Amlin, QBE and RSA in relation to common declarations.