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FOCUS: Opportunities for innovative models of insurance distribution in the Gulf region have been quite limited to date - but thanks to new regulatory regimes and advancements in technology, this is set to become an area of innovation. 22 Aug 2016
Insurers will have an additional three months to make changes to the documentation they send to customers at renewal, including a new requirement to publish the previous year's premium, the regulator has confirmed. 12 Aug 2016
On 1 April 2015, UK financial regulators the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) gained new competition law powers, which they can exercise concurrently with the Competition and Markets Authority (CMA).
The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.
Retailers are expected to protect anyone who enters their premises from harm, by removing or controlling risks to employees, volunteers, contractors or members of the public.
The 2015 Insurance Act (2015 Act) applies to all commercial contracts of insurance, and variations to existing contracts of insurance, from 12 August 2016 and introduces what the UK government has described as “the biggest reform to insurance contract...
New rules will apply when insurers outsource "critical or important operation functions or activities" once the Solvency II regulatory regime comes into force on 1 January 2016. This short guide will provide a brief overview of the requirements, as well as...
Financial regulators have been using attestations for a number of years to obtain personal commitments from named individuals about a particular state of affairs at their firms. However, recent moves by the Financial Conduct Authority (FCA) and Prudential...
Sweeping changes to UK commercial insurance law described as the "biggest overhaul since the introduction of the 1906 Marine Insurance Act" come into force today. 12 Aug 2016
FOCUS: The Financial Conduct Authority (FCA) has extended its proposed deadline for payment protection insurance (PPI) claims to June 2019, from the earlier proposal of summer 2018, as it continues to gather evidence and assess the right approach to the issue.... 05 Aug 2016
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