GI brokers

Recent Articles

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    30/01/2020

    Insurance 2020: The Belgian perspective

    The Belgian regulators, the National Bank of Belgium and the Financial Services and Markets Authority, have welcomed UK insurers and brokers to Belgium and shown flexibility and understanding about their need to transfer their activities to Belgium gradually in order to maintain operational continuity. They have also promised to apply the proportionality principle in their supervision of firms. That said, the regulators have made clear that they want to see viable standalone Belgian operations and the operations set up initially will not suffice. Given how many times exit day has been postponed...
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    16/01/2020

    Insurance 2020: Keeping an eye on the competition

    Are insurers’ pricing practices in the best interests of consumers? Consumer interests remains the key driver for regulatory intervention in the retail general insurance market and insurers can expect to be reviewing carefully their consumer pricing policies in 2020. Following the CMA’s investigation of so-called loyalty penalties, the FCA is expected to issue its final report into pricing practices in the retail general insurance market in the first quarter of 2020, after the publication of its interim report in October 2019. The FCA has provisionally found that competition is not...
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    13/01/2020

    Insurance 2020: Year Ahead

    Following the general election promise to ‘get Brexit done’, Brexit will, of course, continue to dominate, driving further corporate reorganisations and movement out of capital-intensive products. Many insurers have already set up operations in Belgium and Luxembourg in preparation for Brexit, and we will be looking at what’s going on in the Belgian and Luxembourg insurance markets. Customer needs will be a big theme again this year, with the FCA continuing work on its ‘TCF package’ looking at pricing and distribution, value for money, intergenerational differences,...
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    11/04/2019

    Warning to firms operating in the general insurance sector

    What has been published? The FCA has published the findings of its thematic review (TR19/02) of the GI distribution chain. Despite recent FCA reports highlighting failings in the governance and control of such chains (in 2015 on Delegated Authority and in 2016 on Appointed Representatives), the FCA has concluded that significant potential for customer harm remains. In particular, the FCA highlights how the remuneration of all the parties in the distribution chain can result in customers paying significantly higher prices than the production and delivery costs of the products they are buying....
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    11/04/2018

    Securitisation Regulation: 60 minutes to understand the new rules and issues

    CMS cordially invite you to attend a webinar: 11 April 2018 | 10:00 UK/ 11:00 CET Securitisation Regulation: 60 minutes to understand the new rules and issues This webinar will last one hour (including a Q&A session) and will provide an update on new EU regulations regarding securitisation. Four expert speakers from the UK, France and Spain will cover the areas you need to be aware of. Agenda: Scope of the new regulations (STS and CRR treatment) New rules applicable to any EU securitisation STS CRR/other directive changes REGISTER NOW
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    13/12/2017

    Risk Matters: Insurance Sector Update - Winter 2017/18

    Highlights include an assessment of this year’s $100bn North American natural catastrophe season and how this could impact corporates and insurers; ‘the rise of the machines’ as autonomous vehicles nudge closer to our roads and a comprehensive review of the top 10 issues facing our market in 2018. Should you have questions about this publication, please feel free to contact any of the authors.
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