This week, the Financial Conduct Authority (FCA) launched a market study to assess how competition is working in the wholesale insurance broker sector, and also released ‘FCA Mission–Our Future Approach to Consumers’.
News & Commentary
This week, the International Association of Insurance Supervisors (IAIS) held its annual conference in Kuala Lumpur. It announced a unified path to convergence of group capital standards in furtherance of its ultimate goal of a single Insurance Capital Standard, and also agreed a five-year agreement to enhance the actuarial skills of supervisory authorities.
The investment landscape for 2018 is already looking intriguingly different to almost any year since the great financial crisis (GFC) nailed interest rates to the floor and introduced us to quantitative easing. Indeed, it could come to be seen as the real start of a post-GFC era.
Two surveys by Wiraya revealed that the relationships between brands and consumers in the UK insurance market have deteriorated to the point of estrangement, with providers assuming claims are twice as inflated as customers actually admit.