Group Risk

Actuaries are warning that proposed government regulations for the sector could “undermine the profession” and “lead to a lowering of standards”. The Institute and Faculty of Actuaries (IFoA) also urged the government...

Czech insurance broker Respect has joined the Worldwide Broker Network (WBN) as a member. Launched in 1993, Respect is a Prague-headquartered insurance broker focused on business insurance in the Czech and Slovak...

IPipeline is launching cloud-based hosted authoring services from its SSG Digital platform. The firm says this move to the cloud will benefit insurers by allowing them to make changes to their platform...

Customers are talking about the cost of living crisis more when discussing protection so any help government can provide is to be welcomed, advisers told Health & Protection. Chancellor Rishi Sunak yesterday...

Almost two thirds of UK adults who received financial advice remotely during the pandemic want to continue doing so, according to LV=. Virtual GP appointments were also fairly well regarded, though not...

Insurers, distributors and other financial services providers have been warned by the industry watchdog to ask themselves if products with Covid exclusions or other significant restrictions offer customers fair value. And the...

The Financial Conduct Authority (FCA) has told insurers they should be examining the amount of commission paid as part of the distribution process when complying with the incoming Consumer Duty. The issue...

The Financial Ombudsman Service (FOS) has reassured firms that it will not apply the incoming Consumer Duty rules retrospectively. This is according to Simon Rawle, ombudsman leader at the FOS who was...

The Financial Conduct Authority (FCA) has said concerns raised by the industry about the speed of implementation of its incoming Consumer Duty have been “well heard”. While the regulator acknowledged many communications...

The Financial Conduct Authority (FCA) has defended its flagship Consumer Duty policy as going ‘significantly beyond’ Treating Customers Fairly (TCF) as it aims to create a culture shift within the industry. The...