< News | 03.01.2018

FCA launches Wholesale Insurance Brokers Market Study

FCA launches Wholesale Insurance Brokers Market Study

The UK Financial Conduct Authority (FCA) has launched a market study to assess how competition is working in the wholesale insurance broker sector. The FCA wants to ensure that the sector is working well and fosters innovation and competition in the interests of its diverse range of clients.

The London insurance market is one of the world’s leading centres for large-scale, complex commercial and specialist risks, controlling more than £68bn in gross written premium.

There have been significant changes in the wholesale insurance sector in recent years, which have seen brokers developing new services and business practices. The FCA plans to explore how competition is currently working and whether it could work better.

The FCA believes that effective competition contributes to ensuring London remains an international centre for insurance.

For more information, visit: bit.ly/2BgZZT8

Share

Related articles

CII India and Hong Kong host events for Dive In 2017

CII India and Hong Kong host events for Dive In 2017

As part of the Dive In Festival in October, the CII hosted two major diversity events in India and Hong Kong.

Lloyd’s to open EU insurance company in Brussels

Lloyd’s to open EU insurance company in Brussels

Lloyd’s, the specialist insurance and reinsurance market, has announced it will be setting up a new European insurance company, to be located in Brussels.

New Analytics for Insurance book

New Analytics for Insurance book

The Real Business of Big Data explores the subjects of business intelligence, predictive and cognitive analytics across all insurance business areas