Tag Archives: insurance compliance consultant
BIG Changes to Insurance Regulation
By Kyte Ekstrom | Compliance, FCA Regulation, FinTech, Insurance, Insurance Broker | 0 Comments
The FCA are making BIG changes to the way insurers and insurance distributors will have to review all of their policies and models. The FCA are planning on scrapping the idea of ‘price-walking’ (referring to when new insurance customers receive more competitive and cheaper premiums), as this contends the FCA’s objectives for a fair and […]
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Regulatory Bulletin: FCA consults on Guidance for the Insurance sector
By admin | Uncategorized | 0 Comments
FCA consults on Guidance for the Insurance sector In brief The FCA has proposed non-handbook guidance for insurance product manufacturers and distributors – see GC19/2. Insurance intermediaries, as product distributors, should consider the impact that their distribution strategy has on the overall value of the product to the customer. What does this mean? Product value in general insurance (GI) is an increasing […]
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