In this paper, we explore the role insurance has to play in financial inclusion, the importance of affordability checks to inform decisions and the new guidance provided by the FCA in regard to assessing creditworthiness in insurance.
The world of insurance claims is constantly evolving, against a backdrop of changing legislation, emerging technologies and social trends. Designed for brokers, this BIBA guide takes an in-depth look at the issue of claims inflation, including the latest claims trends and regulatory developments.
Regulators are turning their attention to building the operational resilience of the UK financial system. This whitepaper looks at the likely implications of any future operational resilience regulation on the way an institution manages non-IT supported applications and processes.
Data lineage plays a big part in helping insurers quickly gather the information they need to rapidly respond when the PRA or FCA come calling. This one page blog briefly outlines why data lineage is a vital component of any effective data architecture and its relevance to insurers.
In this blog post, Alan O’Loughlin, head of analytics and statistical modelling at Lexis Nexis Risk Solutions, highlights how insurers can gain a strategic advantage over their competitors by maximising their data models to create more intelligible insights.
In this end of year review, Simon McGinn takes a look back at the past 12 months, considering various hot topics and issues like Brexit, legislative changes and the ongoing matter of broker market consolidation. This feature also looks at 2019 and beyond.
This report sets out the key findings of the FCA’s thematic work on the pricing practices of household insurance firms. It then details our expectations of firms and our next steps.
The distribution chain has attracted the Regulator’s interest for some time. The FCA has been carrying out an initial review of the wholesale market sector focusing on conflict of interest and distribution chain value. Download this article to find out more and the implications for brokers.
Following the EU’s recent decision to amend the implementation date for the IDD, this article explores the implications of the new directive for brokers and revisits the steps outlined in our recent article that every broker should consider taking immediately.
The impact of underinsurance can be crippling for any business that suffers a loss, but it often hits SMEs particularly hard. In this feature, Harriet Conway, SME business insight manager, Allianz UK, considers what can be done to help SMEs tackle the problem and the role brokers can play.