Weekly News Update – 16th February

A wide range of news this week focussing on the FCA’s DE&I proposals for the insurance industry plus the decision to halt sales of GAP insurance following the regulator’s product review. Also, whispers in the market say that Google is set to launch a captive syndicate but will the tech giant have better success than Amazon?

Diversity and inclusion in the financial sector (Source: OneAdvent)
Find out what the FCA’s proposals to introduce a regulatory framework to support further diversity and inclusion will mean for the insurance sector.

GAP insurers suspend sales following FCA concerns regarding fair value (Source: Insurance Business Magazine)
Sales of GAP insurance have been temporarily suspended following a review by the FCA in which it found the product to be lacking in customer value.

Is it time to let the customer fly the plane? (Source: MGAA)
Next week a webinar will discuss how MGAs can ‘fully embrace technology without diluting the very personal interaction they have with their customers’. You can sign up in the link.

Google in talks to participate in Lloyd’s of London captive syndicates (Source: City A.M.)
According to The Insurer, Google have been approved in-principle to launch a captive syndicate, with managing agent Apollo cited to be involved.





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