Financial resilience surveys published by the FCA indicate that firms have experienced a significant decrease in liquidity during the Covid-19 pandemic. Kirk Ford explains why it is important for firms to have a wind-down plan in case they need to make an orderly departure from the market.
The Importance of Wind Down Planning
If the worst happens and your business becomes unviable, what would you do to ensure an orderly departure from the market? Nathan Matthews explains the benefits of ‘wind-down planning’ to reduce the risk of harm to consumers and the market.
Pure Protection – the lesser known general insurance product
Pure Protection contracts are arguably a lesser known general insurance product. Managing client expectations is important when advising on these products. Bruce Fayle explains why it is important that brokers should ensure that their TOBAs are clear about the scope of service that they can provide.
FCA Announces New Changes to Regulatory Reporting
The FCA is beginning the process of transferring Gabriel users to the new RegData platform.
Fair Analysis: Exploding the Myth of Customer Advantage?
Robin Wood follows up his recent article with further debate on fair analysis.
20 Things an Insurance Broker Needs to Think About
Robin Wood reflects upon a year of change and collates a list of the pertinent rules, regulations and legislation an insurance broker has to think about as we approach 2019.
The Computer Misuse Act 1990 – An issue for you?
Cybersecurity is a key issue for the FCA and they will expect you have carried out the necessary work to keep your customers' data secure.
When is a change in control not a change in control?
Despite the Brexit doom and gloom, we continue to see mergers and acquisitions activity in the general insurance broking arena.