REG Reviews- October 2021
This month we look at FCA fines and the insurance market reaction to new money laundering regulation...
Join Zoë Parsons, Nathan Banfield and Sandra Jerinic, as they provide insight on the biggest challenges facing customers before adopting a Regtech solution, the main benefits of the software which drive their onboarding decision, and the impact distributed working has had on customers' abilities to stay on top of their regulatory obligations.
What a year. When the idea sprung to me to write a blog about my experience as a Marketing Intern over the last year, I thought it would be a perfect opportunity for self-reflection. To kind of close this chapter of my life. But to be honest, it's hard to know where to start...
Join Zoë Parsons, Ady Hall, Ellie Davison and Sacha Skerton, as they delve into the insurance industry's awareness and perception of RegTech, discuss the key benefits of the software that stand out to prospects and debate whether distributed working has shifted the sector's views on the need for regulatory management tools.
Join Zoë Parsons, Bradford Bines and Victoria Slade, as they reflect on their experiences of working from home, discuss how the insurance industry's perception of RegTech has changed throughout the pandemic, and as we look towards the future and restrictions begin to ease, find out how they think the market will return.
15 years ago, last month, the statutory regulation of general insurance activities was introduced. I remember it well, as I had applied for CF1 permissions as the head of an insurance broking business. One of the key regulatory requirements was for authorised firms to have a written agreement with their insurance trading partners. Agencies were to be documented through a terms of business agreement, and overnight the acronym TOBA took its place in the insurance glossary...
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