Risk Matters: Insurance Sector update Spring 2014

Risk Matters is our quarterly update on the latest themes and subjects affecting domestic and international insurance markets.

In this issue, we explore emerging topics that position the insurance industry in a variety of roles as both leader and intermediary.

Our guest commentators in this issue are Rod Logan and James King from the Association of British Insurers (ABI). They explain how the sector is delicately placed between a new regulator (FCA) with an expanded remit to promote competition, and the consumer, whose protection is its other primary goal. Within that dynamic, they point out that with no less than five overlapping competition and regulatory enquiries already underway, the FCA is yet to properly map out how it will promote both compliance and competition. Therefore they provide five recommendations for both sides so that they might contribute to a relationship that benefits insurers and consumers alike.