With the countdown to the implementation of the new Consumer Duty entering its final months, the FCA has published a review on how firms’ approaches to fair value reflect the price and value requirements under the Duty.
Insurance Brokers
A Broker's Duty Of Care: The FCA’s Consumer Duty
This article, provided by guest authors Robin Wood and Roger Franklin, continues our series looking at an insurance broker’s duty of care and improving the quality of your Professional Indemnity risk management. This week focuses on the FCA’s Consumer Duty.
A Broker's Duty of Care: Gathering Information and the Requirements of the Insurance Act
This article, provided by guest authors Robin Wood and Roger Franklin, continues our series looking at an insurance broker’s duty of care and improving the quality of your Professional Indemnity risk management. This week focuses on the Requirements of the Insurance Act.
FCA Proposes Changes to Multi-Occupancy Buildings Insurance
The FCA is proposing new rights and protections for leaseholders to improve the transparency of the multi-occupancy leasehold buildings insurance market.
A Broker's Duty of Care: Gathering Information and Switching Policies
This article, provided by guest authors Robin Wood and Roger Franklin, continues our series looking at an insurance broker’s duty of care and improving the quality of your Professional Indemnity risk management. This week focuses on information gathering and the high-risk factors in relation to changing insurers.
A Broker's Duty of Care: Customer Care and Competence
This article, provided by guest authors Robin Wood and Roger Franklin, continues our series looking at an insurance broker’s duty of care and improving the quality of your Professional Indemnity risk management. This week focuses on the competence of a broker to offer advice to customers.
Fraudulent Insurance Claims on the Rise
The cost-of-living crisis has led to a rise in fraudulent insurance claims. Allianz Commercial has reported an 11% increase in fraud claims costing around £70 million. This article explores the most common methods of fraud that insurance firms need to be aware of.
The Duty of Care: Some Practical Exercises
This article, provided by guest authors Robin Wood and Roger Franklin, continues our series looking at an insurance broker’s duty of care and improving the quality of your Professional Indemnity risk management. This week we really are putting into practice what you have learned as we offer three scenarios and a practical exercise to better understand latent risk.
The Duty of Care: Acting with Reasonable Skill and Care
This article, provided by guest authors Robin Wood and Roger Franklin, continues our series looking at an insurance broker’s duty of care and improving the quality of your Professional Indemnity risk management. This week focuses on the standard of care and competence that insurance brokers need to demonstrate when carrying out their work.