by Kenneth Underhill | Sep 6, 2024 | Appointed Representatives, Blueprint Two, Brokers, Climate Change, Compliance, Consumer Duty, Digital, Enterprise Risk Management, Environmental Social and Governance, Fair value, FCA, HR, Insurers, IT, Lloyd's, Multi Occupancy Buildings Insurance, Operational Resilience, Operations, Pricing, Product Governance, Prudential Regulation Authority, Risk, Solvency, Vulnerable customers
The latest edition of Horizons, our quarterly report for senior leaders across compliance, risk and regulatory roles within insurance firms is now available. You can download your copy of Horizons here.This edition covers:IntroductionThe Longer-term HorizonQ3 2024...
by Kenneth Underhill | Mar 19, 2024 | Appointed Representatives, Blueprint Two, Brokers, Climate Change, Compliance, Consumer Duty, Culture, Digital, Enterprise Risk Management, Environmental Social and Governance, Fair value, FCA, HR, ICSR News, Insurers, IT, Kenneth Underhill, Lloyd's, Multi Occupancy Buildings Insurance, Operational Resilience, Operations, Pricing, Product Governance, Prudential Regulation Authority, Risk, Solvency, Vulnerable customers
The latest edition of Horizons, our quarterly report for senior leaders across compliance, risk and regulatory roles within insurance firms is now available. This edition covers:IntroductionThe Longer-term HorizonQ1 2024 Issues: GeneralFinancial Services Future...
by Kenneth Underhill | Mar 11, 2024 | Compliance, Consumer Duty, Fair value, FCA
Baseball may not be a major sport on this side of the Atlantic, but most people will be familiar with the “three strikes and you’re out” concept. If the multi-firm review and findings from the FCA back in September 2022 were considered ‘Strike One’ for insurance...
by Kenneth Underhill | Feb 13, 2024 | Compliance, Fair value, FCA
The Current State of Play Last week the FCA announced that GAP insurers had agreed to withdraw their product on the grounds of lack of Fair Value. Those that have agreed amount to 80% of the GAP market and the other 20% have agreed to no new distribution. For those...
by Kenneth Underhill | Dec 8, 2023 | Compliance, Consumer Duty, Fair value, Risk
Watch Webinar Recording Watch Video Download Slides On 30th November, Kenneth Underhill delivered a webinar on “Fair Value Assessments and Consumer Duty – An Update on the FCA Approach and Enforcement” in conjunction with the Managing General Agents...
by Kenneth Underhill | Sep 26, 2023 | Consumer Duty, Fair value, FCA
There was yet another warning shot fired by the FCA with the release of the latest general insurance value measures data on 20th September. The warning covered both a failure to comply with the rules around offering Fair Value as required by PROD 4 and a failure to...
