Insurance Brokers

A key aspect of the FCA's Consumer Duty is the requirement for firms to monitor and assess consumer outcomes. What information can firms use and how can data archiving help?

Training and competency is a requirement for insurance firms but do brokers really understand what it means to be competent?

In an effort to strengthen the security of the data it receives, the FCA have announced the introduction of multifactor authentication for many of its systems. What will firms need to do?

As we enter 2023, the insurance industry is facing several challenges and opportunities. In the face of changing customer needs, new technologies, and evolving regulatory environments, insurance firms must adapt to stay competitive. Here are some key trends and predictions for the insurance industry in 2023.

A recent publication from the FCA has indicated that while many firms are showing improvement towards diverse representation and inclusive cultures, there is still more that needs to be done.

The new rules under the Appointed Representative regime require principal firms to provide the regulator with more information on their ARs and IARs. What must firms submit under the regulator’s recent data request?

With 2023 just on the horizon, have you taken time to reflect on the CPD activities you have undertaken over the last 12 months?

OpenAI recently released a chatbot that allows Artificial Intelligence (AI) to answer questions in a chat-like interface and take context from previously asked questions, to deliver relevant answers. Within a week, it surpassed 1 million users. But how will AI be used in the insurance industry?

We recently looked at how the price and value outcome of the FCA’s new Consumer Duty requires firms to ensure their clients receive fair value and what fair value really means. But how can firms assess the value of their products and services?

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