Sam Woods, CEO of the Prudential Regulation Authority (PRA), has announced that "regulation of the insurance sector in the UK is about to change".

The FCA is proposing "significant reform" of the general insurance market to enhance competition, ensure consumers will receive fair value, and increase trust in the market.

The FCA says the "exceptional circumstances" of coronavirus may have materially reduced the value that customers are getting from their insurance products.

A new FCA report has stated that competition is still not working well in the motor and home insurance markets, finding that firms regularly engage in a range of practices to raise...

The FCA has warned the general insurance industry that it will "not hesitate to intervene with both firms and their senior managers" in cases where customers receive poor value.

The FCA has published the final report from its market study into insurance brokers to assess how competition is working in the sector.

The FCA has revealed the focus of its study into how general insurance firms charge their customers.

Berkeley Alexander has launched a new quote pack to provide brokers with full IDD compliance support.

The FCA closed its remaining investigations into four remaining firms, following a thematic review into the fair treatment of longstanding customers in the life insurance sector.

Just 60% of employees in financial services firms have suitable processes and technology in place to capture, record and consequently retrieve real-time business communications,...