The U.K.’s insurance market is facing scrutiny from the Financial Conduct Authority (FCA) over concerns that its current state may be failing to protect consumer interests. This article explores the intricacies of the issues at hand, including the role of commission structures, potential m
Kyrgyzstan is set to enforce new legislation that mandates compulsory insurance for both cars and homes starting September 2024, marking a significant shift in the country’s approach to managing liability and property risks. This new law requires vehicle owners to present a valid compulsory civil l
Howden, a leading UK insurance intermediary, recently announced a strategic alliance with FullCircl, a B2B software-as-a-service (SaaS) company. This multi-year partnership aims to integrate FullCircl’s SmartBroker solution into the Acturis platform extensively used by Howden. This integration is e
Cycling businesses in the UK are encountering a transformative phase, thanks to the recent partnership between Bikmo, a leading InsurTech firm, and the Association of Cycle Traders (ACT). This relationship promises to deliver tailored insurance solutions that address the unique challenges and needs
The RegTech industry, short for regulatory technology, is on the brink of a transformative era driven by advanced technology. As financial regulations grow increasingly complex, financial institutions are turning to RegTech solutions for efficient compliance management. By 2034, the RegTech market
In the wake of a month marked by four natural catastrophes resulting in over 228,000 claims, Canada's property and casualty (P&C) insurance industry is making an urgent call for reform in the licensing of insurance adjusters. The industry's reliance on a fragmented approach to
