Compliance & Regulation
Innovation expert warns of dangers of ‘Gen AI’ for protection industry
As artificial intelligence becomes one of the most talked about new technologies since the advent of the mobile phone, not everyone is convinced that it will prove to be a good thing...
Read moreIntimidating question sets will need to change under Consumer Duty – Fairer Finance
With the Consumer Duty about to come into effect in a month’s time, intimidating question sets simply will not pass the muster, according to James Daley, managing director at Fairer Finance. “Number...
Read moreFCA expects firms to monitor Consumer Duty outcomes from day one
While firms' Consumer Duty processes do not have to be "perfect" from day one, the Financial Conduct Authority (FCA) does expect them to have the capability to monitor outcomes from the day...
Read morePrivate health will not substitute NHS under Labour government – Fabian Society
If a new Labour government comes into power after the next election, insurance companies must not seek to replace the NHS, but rather only compliment it, according to Andy Harrop, general secretary...
Read moreMost employees back tax breaks for employers offering income protection and PMI – ABI
Most employees believe employers should receive tax incentives for offering insurance benefits - including health and income protection cover - to their staff. This is according to a survey of 2,000 UK...
Read moreBase insurance on inclusion not exclusions to support more people – TD
The typical health and life insurance model of exclusions must be overhauled to cover more conditions and people, particularly those in vulnerable situations, and make prevention a core aim, according to insurers...
Read moreLife and health insurers should focus on under-represented groups and inclusive underwriting, UN report says
Life and health insurers should develop products to cover under-represented groups, promote “fair and inclusive underwriting” and offer mental health services as an essential benefit, according to a dedicated United Nations (UN)...
Read moreMorganAsh and Investor in Customers combine on Consumer Duty reports
MorganAsh and Investor in Customers are partnering to provide reports supporting Consumer Duty requirements. Investor in Customers already provides a suite of reports assessing outcomes for firms and these will be combined...
Read moreAviva introduces electronic Letter of Authority for protection cases
Aviva is offering Origo’s Unipass Letter of Authority (ULoA) service to support individual protection cases. Letter of Authority requests and responses can now be obtained electronically from the insurer for protection products....
Read moreSimplyBiz adds to Consumer Duty support as six-week countdown hits
SimplyBiz has added additional support for advisers as just six weeks remain until the implementation of the Financial Conduct Authority's (FCA) new Consumer Duty. The firm said it has added a series...
Read moreHAVE YOU READ?
MOST POPULAR
