REG Reviews – May 2022
This month we discover Aviva's AI partnership, insights on car insurance prices and the FCA's staff strike...
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Sanctions Screening and Responsibilities of Insurance Brokers
Regardless of their role in an insurance deal, brokers must verify that their potential clients and trading partners aren't barred from entering insurance transactions. However, carrying out these checks can be a challenging task. What is the impact of the task and responsibilities brokers have and how can they manage risks?
Using Data to Power Growth
5 Ways Insurers Can Leverage Big Data
REG Reviews – April 2022
This month we look at the largest fine Lloyd's have filed in 336 years, warnings regarding Russian computer technology and REG welcomes three new employees...
Sanctions and Russia
With the UK government imposing a tranche of sanctions on Russia in response to the situation in Ukraine, make sure you're up to date with UK sanctions obligations. All firms regulated by the Financial Conduct Authority must have appropriate policies in place to make sure they comply with sanctions legislation. This includes carrying out regular and appropriate checks of sanctions lists...
REG Reviews – March 2022
This month we look at the increase in cyber-attacks and demand for cyber insurance. This edition also includes Gabriel Webber's thoughts as the race for ESG regulation begins...
REG Reviews – February 2022
This month we look at cloud-based technology and the £250 million deal for Freeway with Sabre...
REG Reviews – January 2022
This month we look at HSBC's fine for AML failings, and the effect of the FCA on motor insurance premiums...
Principal Firms – Under the Spotlight
Challenges and obligations in the Appointed Representative regime.
REG Reviews – December 2021
This month we look at the urgent call for digitalisation in the insurance industry and developments in the Natwest anti money laundering case...
Bad Things Come In Threes – The Biggest Threats To Insurance Businesses
According to professional services firm PricewaterhouseCoopers (PWC), the three biggest concerns for insurers worldwide are crime, regulation and technology...
UBO Meaning: What Is an Ultimate Beneficial Owner?
In the UK, one of the biggest challenges facing insurance firms is to obtain UBO information as part of AML due diligence. If you do not get your UBO screening and reporting right, it can result in significant increases in risks of financial crime and ultimately, penalties and fines...
