Regulation
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Focus: Slow authorisation is a threat to London’s insurtech status
The FCA estimates the authorisation process for new insurtech ventures takes between three to four months – in reality it is taking up to 12 months
FCA signals it is more willing to litigate: CEO
Regulator more willing to flex its muscles
Equivalence 'fast reducing in importance for UK insurers’
Carriers are under pressure to look at Europe from a third country perspective as imminent changes to EU insurance rules further increase regulatory divergence from the UK, lawyers say
European Commission pushes ahead with Solvency II reforms
Reforms to unlock €90bn of capital while introducing simpler rules for smaller insurers
Resilience rules require scrutiny of insurers’ third-party relationships
Assessing the reliability of third-party service providers will be challenging for insurers, with many carriers now outsourcing and operating in complex supply chain ecosystems
Africa's free trade momentum to drive specialty risk growth
There is increasing appetite from African governments, regulators and local carriers to work with the international insurance market to tackle the major risks faced by the continent
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