A senior City of London Police detective has been appointed to lead the specialist insurance fraud police unit.
The UK insurance industry is urging the FSA to push ahead with some parts of the Solvency II regime at the start of 2013, despite the fact the rest of the continent is likely to delay until 2014.
Defaqto and other ratings agencies have been attacked for "driving the wrong behaviour" by encouraging product complexity and being "in danger of misleading consumers".
Almost 30 million protection policies were in force last year with consumers receiving over £32m per day in benefits, according to the ABI.
Earlier this week the Chartered Insurance Institute (CII) released a report declaring the public was massively disconnected from the reality of long-term care (LTC) costs.
PruProtect has called critics of its desire for protection to be made compulsory as being "defeatist" and argued that the need is "very clear".
PruProtect has called for protection insurance to be made compulsory and said it is already seeing signs of advisers switching to protection to anticipate the Retail Distribution Review (RDR).
The Association of British Insurers (ABI) this week revealed that nine in every ten claims made under a critical illness (CI) policy in 2010 was paid by the insurer.
Critical illness (CI) and life insurance claims payments reached almost £2bn last year, according to figures published by the Association of British Insurers (ABI).
The insurance industry made a total contribution of £10.4bn to the Exchequer, a report from the Association of British Insurers (ABI) and PWC has revealed.