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Financial Services, Insurance, COVID-19

COVID-19 – is the insurance industry failing to deliver?

Long after lockdown has ended, there could well be ongoing fallout, potentially in the courts, over whether business interruption (BI) claims should have paid out.

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Compliance Management, Insurance

Lloyd’s whistleblowing lapse takes the shine off the insurance marketplace

Following last month's news that shortfalls had been discovered within Lloyd’s of London's whistleblowing programme, insurance and financial service operators may well be taking a closer look at their own procedures to ensure they don't come under the...

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FCA, Insurance, Company Culture

Company culture takes centre stage for FCA

The FCA is continuing to keep a close eye on the insurance market as it seeks to eliminate bad behaviour and practices, with organisations operating within the sector, beginning to take a more robust approach to dealing with issues relating to company...

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Financial Crime, Insurance

‘Ordinary’ fraudsters warned: ‘It isn’t worth it’

Thinking about committing insurance fraud? The consequences could make life difficult as the latest campaign from Cifas, the cross-sector fraud data-sharing organisation, outlines. 

In recent years, organised crime activity has attracted more...

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Insurance, AI

AI and insurance – powering ahead

It's an exciting time within the insurance sector at the moment, as artificial intelligence is increasingly making its presence felt.

However, there are still, some challenges ahead in terms of how insurers look to utilise AI, as well as its potential...

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FCA, Compliance Management, Insurance

FCA swings regulatory spotlight onto insurer claims performance

The term ‘value measures data’ will already be familiar to a number of risk managers andcompliance professionals within general insurance – however regulations are changing, with the FCA planning to introduce new reporting requirements on claims...

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