All firms are required to take a more active role in identifying their customers’ demands and needs and must ensure that any insurance contract proposed is consistent with them. The stricter requirements mean firms can’t simply offer all of the firm’s available products through generic statements about the type of needs each product will meet. […]
Are New Risks Really New?
The world is undergoing a pace of change unlike anything that we’ve experienced in history. Most of that change is technological, but the technology is driving cultural change as well. Not much more than 100 years ago news could take months or years to reach people far from the event, it now takes only seconds. […]
FCA moves to force firms to disclose climate risk management
The Financial Conduct Authority (FCA) has proposed measures that would force financial services firms to publicly disclose how they manage climate risk, as the regulator takes steps to limit the sector’s contribution to the “disruptive and potentially irreversible threat to the planet” of climate change. In a consultation paper published on Monday (15 October), the […]