Regulation

Introducing gender-neutral rates will result in premium hikes for life insurance and critical illness (CI), HM Treasury has warned.

Axa, Allianz and Aviva groups are among 15 insurers that Standard & Poors (S&P) have warned face a downgrade in their credit rating.

The Office of Fair Trading has referred the private healthcare market to the Competition Commission (CC) and revealed a move by the FSA, ABI and health insurers to better inform customers.

The British Insurance Brokers' Association (Biba) has called on insurers and regulators to take more responsibility for their products if they want them sold by non-professional brokers.

The ABI has railed against government plans to scrap life assurance tax relief which could hit as many as 1.5 million policyholders.

The FSA is currently consulting on its guidance for payment protection insurance (PPI) and potential replacement products such as short-term income protection (STIP).

The payment protection insurance (PPI) mis-selling scandal has cost the financial services industry more than three quarters of a billion in redress payments to customers in the first three quarters of the year.

The Financial Ombudsman Service has hinted at higher levies for the industry as a result of another spike in payment protection insurance (PPI) claims.

Julian Adams, director of the Financial Services Authority's (FSA) insurance division and soon to be in role at the Prudential Regulation Authority (PRA), has moved to address concerns that the new regulator would be overseeing the banking and insurance...

The FSA and the OFT are consulting on guidance to firms in relation to payment protection products - the first time the FSA has become involved in the design of a specific product.