The Financial Conduct Authority (FCA) regulates financial service firms and financial markets in the UK. An appointed representative (AR) is an individual or firm who can act as an agent for any firm directly authorised by the FCA. The AR…
An insurance intermediary acts as a bridge between insurers and their clients. Some intermediaries work with insurers, whereas others work with their clients. In most cases, though, they work to match the right insurer with the right consumer. They ensure…
The General Data Protection Regulation (GDPR) came into effect in 2018. Through outlining certain processes for handling and storing information, it provides a legal framework for organisations to keep personal data safe. The Data Protection Act 2018 is the UK’s…
As regulated businesses, insurers and insurance brokers must meet certain anti-money laundering (AML) commitments. In this post we’ll take a look at the sort of AML trends that might impact regulated businesses like yours. Artificial Intelligence in Anti-Money Laundering Processes…
The Financial Conduct Authority (FCA) is one of the major bodies responsible for regulating insurers and other financial agencies and has published rules on Consumer Duty. They set regulations that anyone who wants to sell, arrange, or advise on certain…
The Financial Conduct Authority (FCA) is one of a few bodies that regulates financial service firms and financial markets in the UK. If you want to provide any sort of regulated financial services in the UK, then you need to…
If you currently work in insurance and you want to start your own insurance company, in this post we’ll list the various things you’ll need in place before you can start legally trading. What Sort of Insurance Company Do You…