Datamonitor, May 2008, Pages: 27
, their experiences of working with different insurers and their attitudes towards FSAregulation.
Scope
Information on what brokers find satisfying and dissatisfying about their insurance partners Broker attitudes
Finaccord, Nov 2011
for compensation in excess of the GBP 4.5 billion estimated by the FSA
New regulations for payment protection insurance are being introduced...
... with the result that three outcomes look likely
Datamonitor, April 2010, Pages: 94
to persist
Regulation
Introduction
The ban on single-premium products has had significant repercussions for PPI sales
The FSA has called for the withdrawal of all single-premium insurance products sold
Finaccord, Nov 2011
.5 billion estimated by the FSA
New regulations for payment protection insurance are being introduced...
... with the result that three outcomes look likely for this product in the UK
LIST OF GRAPHICS
Key Note Publications Ltd, July 2006, Pages: 212
, the distribution of general insurance has been dominated by the tightening grip of the Financial Services Authority (FSA). This can be seen in the changing statistics of distribution, as brokers consolidate under
Key Note Publications Ltd, Nov 2009, Pages: 128
in the small-business market by 2012. Executive Summary
1. Introduction
BACKGROUND
The Market for General Insurance
The Effect of the Recession
DEFINITION
What is a Small Business?
Table 1.1: BERR/BIS
Datamonitor, March 2009, Pages: 26
documentation in a more timely manner 17
Compliance with FSAregulation costs most brokers up to 10% of their turnover 17
Brokers are generally happy with insurers help in meeting FSA requirements 18
Most brokers
Key Note Publications Ltd, Jan 2008, Pages: 198
and insurers are under constant pressure to offer better packages than their rivals. Executive Summary
1. Introduction
BACKGROUND
REGULATION
Financial Services Authority
Association of British Insurers
Datamonitor, March 2011, Pages: 106
market share as a result of the focus on direct distribution, and uncertainty over the shape of proposed regulation of mortgage distribution.
Scope of the report:
- Presents findings from the Intermediary
Key Note Publications Ltd, March 2007
to police the industry, and to protect the retail customer, in particular. Notorious failures in selling insurance and investments in the 1990s precipitated the formation of the FSA and, by 2007, it covers
Datamonitor, Sep 2009, Pages: 56
to the industry
The FSA began regulating travel agencies and airlines selling travel insurance alongside bookings
Five authorized firms have been created since January 2009
The FSA has begun scrutinizing
Key Note Publications Ltd, April 2008, Pages: 182
more difficult to obtain and the value of equities stagnates or falls.
Regulations under the Financial Services Authority (FSA) have come to impact on all advisers, whether offering insurance, mortgages
Datamonitor, Sep 2008, Pages: 63
the largest claims cost for insurers 13
Regulatory change will have a large impact on the market in the near future 13
The FSA will begin regulating the travel trade in 2009, though a number have already become
Datamonitor, Aug 2008, Pages: 85
1 Summary 1 Executive Summary 2 The creditor insurance market shrank to an estimated £4 billion in 2007 2 The FSA’s thematic review of the PPI market entered its third phase in 2007 2 Lenders dominate
Key Note Publications Ltd, Nov 2010
for insolvency.
In the UK, the coalition Government, elected in 2010, probably added to customers' worries about inadequate financial regulation with its decision to axe the Financial Services Authority (FSA
Datamonitor, Jan 2009, Pages: 63
affected by the financial slowdown 44
Regulation is likely to increase as the FSA continues to carry out thematic reviews of the market 45
The Retail Distribution Review could lead to changes in mortgage
Key Note Publications Ltd, May 2005
.
The distribution of insurance has continued to change gradually, as company agents continue to lose market share to direct methods of insurance selling. The impact of the Internet is at last becoming noticeable
Key Note Publications Ltd, June 2005
in the rules governing the sale of insurance (as laid down by the FSA) have opened up new channels of distribution, with the result that insurance companies have increased their number of outlets. However
Key Note Publications Ltd, March 2003
across the range of financial services products.
The Financial Services Authority (FSA), the government watchdog, has increasingly regulated the market. IFAs have strict qualifications to obtain
Datamonitor, Oct 2008, Pages: 74
to the personal injury claims process 6
The Claims Management Regulation Monitoring and Compliance Unit was set up to regulate the sector in April 2007 7
The FSA has begun investigating third party capture 7
