FCA GI update - Consumer Duty, Premium Finance and New Rules

We’ve had Consumer Duty for nearly two years now and the FCA continue to publish updates to incl insurer claims handling, motor insurance premium hikes and the new rules we can expect towards the end of the year.

We shall explore where we are with Consumer Duty and the session will also provide and update on fair value assessments to include what makes up broker commissions and how to ensure broker costs are fully understood. There will be a key update on where we are with premium finance following the seismic Hopcraft Supreme Court judgment and what this means for our sector and whether commissions should be disclosed and consent sought from clients.

We will also touch on Multi-Occupancy insurances now that we have had those rules for over 20 months.

Speaker bio

I started my insurance career in 1987 and have worked across the sector including stints at PwC and GISC and have led my own consultancy practice since 2004 working closely with AMII, BIBA and the CII and have provided hundreds of well-received (even entertaining!) talks. I am a recipient of the Thomson Reuters Compliance Personality of the Year Award, the London Market People Award for Legal and Compliance and was Highly Commended in the CII Public Trust Awards in 2021. I am proud to judge various insurance awards and am always being approached for engaging commentary and analysis.

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