REG Reviews
3rd February 2026
Last month, BIBA announced its 2026 manifesto, REG appointed Stephen Line as new CEO to support with growth, the PRA set a date for its 2026 Dynamic General Insurance Stress Test and REG has announced its upcoming Risk 365 feature to revolutionise risk management processes.
Read these articles and many more as we bring you all the important news and views in the insurance and financial services world…
On 14th January, the British insurance Brokers’ Association (BIBA) launched its 2026 Manifesto called “Economic Resilience” focusing on helping brokers deliver resilience for all stakeholders and calling for a new Financial Services Bill to be introduced by the government.
This new manifesto outlines 10 ‘key asks’ that Biba is requesting from stakeholders, but also ’10 key commitments’ that the association wants to abide by to strengthen resilience.
Here are Biba’s 10 asks as written in its official announcement with the correspondent stakeholder.
BIBA CEO, Graeme Trudgill said: “We want to be crystal clear on what we want to achieve for our members, and highlighting the most important issues puts them sharply into focus. A key part of our asks is to ensure that the reforms announced by His Majesty’s Treasury and the Financial Conduct Authority are implemented as a matter of urgency, driving efficiencies so that our members can actively contribute our nation’s resilience.”
At a pre-launch briefing ahead of Biba’s 2026 manifesto in partnership with Insurance Times, senior industry leaders warned that rising regulatory costs, overlapping requirements, and regulatory “gold-plating” could harm broker sustainability, competition and customer outcomes unless reforms are implemented through primary legislation.
Therefore, the manifesto urges the introduction of a Financial Services Bill in 2026 to support regulatory reform, including simplifying the Senior Managers and Certification Regime, reviewing the Financial Ombudsman Service’s role and shortening statutory authorisation timelines.
As Trudgill further says: “A Financial Services Bill is needed early in 2026 to realise the Leeds Reforms, and we will work constructively with the FCA to continue creating efficiencies for insurance brokers.”
The manifesto also calls for further simplification of FCA insurance rules alongside a new Financial Services Bill, urging clearer and more practical fair value requirements, particularly for smaller intermediaries and seeks regulatory support for captives, while also asking the Competition and Markets Authority for the removal of the mandatory annual private motor insurance compliance statement.
As reported on the manifesto: “We believe the time is right for the CMA to reassess the necessity and proportionality of the requirement for insurance brokers to submit annual compliance statements, particularly because motor insurers already provide these, and we understand the statements provided by motor insurers include all the information the CMA requires.”
Last but not least, Biba added that it will continue to do whatever it takes to reduce the frictional cost of regulation to help brokers maximise their time spent in supporting their customers and building resilience.
The association added that it will release updated member guidance on fair value, professional indemnity insurance and soft market trading, alongside initiatives to strengthen professional standards and develop an AI programme.
Finally, Biba’s manifesto outlines a commitment to “total retail signposting” to better guide customers to suitable insurance services, supported by a new voluntary, industry-wide signposting initiative launched with the ABI.
This move aligns with the Government’s Financial Inclusion Strategy, which views signposting as a way to improve access to affordable insurance, with ministers highlighting the important role brokers play in helping consumers and businesses find appropriate cover.
Former Financial Conduct Authority executive Sheldon Mills will head a new FCA review examining how advanced AI could affect consumers, retail financial markets and regulatory oversight.
The FCA says AI could transform insurance by acting as a virtual agent for customers, creating new services and opportunities. With access to richer data, AI could build detailed “digital twins” of individuals or organisations, enabling firms to test outcomes safely and allowing AI to act on a customer’s behalf, not just assist them.
The regulator also adds that automation and real-time risk assessment could transform how insurers price policies and assess risk during underwriting.
The review will build on the FCA’s existing AI initiatives, including its discussion paper, AI Sprint and AI Lab programmes such as live testing and the Supercharged Sandbox, which NVIDIA supports.
While AI is already widely used across financial services, both the FCA and NVIDIA highlight that rapid advances in generative and agentic AI could significantly reshape markets, competition and how consumers interact with retail financial services.
AI agents could make it easier for insurance customers to compare and switch products, reducing friction and challenging traditional intermediaries.
Feedback on the Mills Review, due by 24 February 2026, will guide FCA recommendations on AI-driven changes in financial services, resulting in an external report, while the FCA keeps its principles-based framework without AI-specific regulation.
Sheldon Mills noted that while AI is already influencing financial services, its long-term impact could be significant, and his review will assess how emerging AI uses may affect consumers, markets and firms through 2030 and beyond, supporting safe and innovative adoption in retail finance.
Finally, the British Insurance Brokers’ Association (Biba) is teaming up with Markel to launch an AI Academy for members in early 2026, following last year’s AI Guide. With up to 80% of brokers yet to adopt AI and smaller firms falling behind, there are growing calls for software providers to simplify implementation and integration.
The past year highlighted the increasing significance of managing general agents as the insurance market heads toward 2026, with MGAs playing a central role in innovation, distribution and market adaptability.
Industry data show global M&A values rose to near-record levels last year, driven by mega-deals, even as transaction volumes declined. While UK insurance M&A slowed after several record years, deal values increased by around 15% in the first half of 2025 despite volumes falling by roughly 9%, pointing to a more selective, strategy-led market.
Within insurance, activity has remained strong beyond traditional broking, particularly across specialty MGAs and the Lloyd’s market.
In fact, MGAs are playing a central role in UK insurance dealmaking, contributing to the £47billion general insurance market and standing out for their specialist underwriting expertise and flexible, capital-efficient operating models, which continue to attract entrepreneurial underwriters and investor support.
With access to niche markets, specialist underwriting, and flexible, technology-enabled operations, MGAs offer scalable growth and the potential to build value quickly through consolidation and innovation.
Technology is now a key driver of M&A in the MGA sector. Digital transformation and AI are shaping both buying and selling decisions, with businesses that integrate easily into modern tech ecosystems seen as most attractive.
While many specialist MGAs have strong underwriting expertise, growth can be limited by legacy systems, and being acquired by a platform with proven technology can unlock faster integration, broader data access and the next phase of expansion.
As we enter 2026, M&A activity remains robust, especially among private equity-backed platforms, yet what defines an attractive buyer is evolving.
Beyond price and deal structure, Success now depends on cultural alignment and the ability to support growth through technology, with sellers prioritising like-minded partners to protect their legacy, retain talent and maintain long-term client relationships.
The UK remains a key global insurance hub, attracting international investors and US MGA deals seeking expansion, particularly in specialist commercial lines and Lloyd’s specialty underwriting.
Tech-driven M&A, especially AI-focused transactions, is also on the rise, with Bain & Co reporting nearly half of large strategic technology deals in 2025 linked to AI, a trend increasingly influencing insurance M&A and expected to drive more cross-border deals in 2026.
MGAs are set to remain at the forefront of insurance M&A in 2026 and beyond, combining strong operational capability, technological innovation and cultural alignment to fuel expansion, support efficient integration and maintain their appeal to investors and strategic acquirers.
The risk landscape across insurance and financial services is shifting at pace. Increasing regulatory scrutiny, complex distribution chains, heightened expectations under Consumer Duty, and growing reliance on third parties have all combined to place counterparty risk firmly at the top of boardroom agendas. Yet for many firms, the way risk is assessed, documented, and governed hasn’t kept up.
Risk data often lives across spreadsheets, systems, and inboxes. Decisions are made in silos. Risk appetite exists on paper but isn’t always embedded into day-to-day operations. And as organisations scale, these challenges only multiply.
At the same time, expectations are changing. Regulators, partners, and customers increasingly expect firms not just to manage risk, but to demonstrate proactive, consistent, and intelligence-led oversight across their counterparty relationships.
The challenge with counterparty risk today
Counterparty risk in insurance and financial services is no longer a periodic exercise. It’s continuous, multi-dimensional, and dynamic. Firms must balance speed to trade with robust governance, while ensuring decisions remain consistent across teams, products, and markets.
Many organisations still rely heavily on manual processes to assess risk, track decisions, and evidence oversight. This makes it harder to respond quickly to emerging risk signals, benchmark decisions over time, or scale governance frameworks as the business grows.
What’s needed is a more connected approach, one that brings risk appetite, intelligence data, and decision-making together in a way that’s usable, auditable, and future-ready.
Leading with risk intelligence
This is where the conversation around risk intelligence becomes critical. Leading firms are shifting from reactive risk management to proactive oversight, using continuous data, clearer frameworks, and smarter tooling to anticipate risk rather than simply respond to it.
We’ll be exploring exactly how organisations are doing this in our upcoming live webinar, Leading with Risk Intelligence. Hosted by REG’s Head of Marketing, Zoë Parsons, and Head of Product, Sandra Simões, the session brings together practical insight on how insurers and MGAs are modernising counterparty oversight, strengthening governance, and embedding a proactive risk culture. It’s a timely discussion and one that sets the context for what’s coming next.
Introducing REG Risk 365
We’re excited to share that REG Risk 365 is launching soon, a new capability designed to help firms define, track, and operationalise their risk appetite every day of the year.
Risk 365 will enable organisations to:
By bringing intelligence data and internal risk criteria together, Risk 365 is designed to support faster, smarter, and more consistent decision-making, while strengthening governance across teams and processes.
What’s next?
As counterparty risk continues to evolve, firms that lead with intelligence, rather than hindsight, will be best positioned to trade with confidence.
Join us for Leading with Risk Intelligence to explore how forward-thinking organisations are approaching risk today, and get an early look at how REG Risk 365 will support a more proactive, scalable approach to risk management in the months ahead.
The future of risk is continuous. And it’s coming soon.
Climate change is placing unprecedented strain on the global insurance industry, with rising weather extremes driving payouts, pushing up premiums and forcing insurers to reassess long-term risk models. What was once a distant modelling concern for risk teams has become a pressing financial reality, with tangible impacts showing up in annual losses and mounting operational challenges for carriers.
Insurers are facing growing claims costs linked to more frequent and severe natural catastrophes, from storms and floods to heatwaves and wildfires. In recent years, extreme weather events have pushed insured losses into the tens of billions of pounds annually, prompting some firms to tighten underwriting criteria and retrench from the highest-risk regions. This squeeze is evident not only in global markets but also closer to home, where UK insurers have already reported record payouts for weather-related damage and are adjusting pricing to reflect the increasingly volatile risk landscape.
The rising cost of claims is feeding directly into premium increases for consumers and businesses alike. In the UK, average home insurance premiums have climbed as carriers seek to maintain solvency and cover escalating property loss costs. In some flood-prone or high-risk areas, insurers are reducing capacity or withdrawing coverage entirely, leaving households and firms grappling with higher costs or limited protection options. These shifts are compounded by rising rebuild and repair expenses, which further drive up policy prices and put pressure on affordability.
For insurers, the challenge goes beyond immediate claims costs. There is a growing concern that long-term climate trends could erode the fundamental insurability of certain risks. As extreme weather becomes more common and less predictable, traditional risk models can struggle to price future exposures accurately. This uncertainty increases the cost of reinsurance, making it more expensive for primary insurers to transfer portions of their risk portfolios. In turn, these costs are often passed on to policyholders, amplifying the financial burden on households and businesses.
The situation is prompting a rethink of how climate risk is integrated into underwriting, pricing, and portfolio management. Many firms are investing in better predictive tools, including analytics and climate modelling, to anticipate emerging patterns and adjust their strategies accordingly. At the same time, regulators and industry bodies are urging insurers to enhance transparency, build stronger capital buffers and collaborate on resilience measures that support long-term stability.
Despite these efforts, the spectre of climate-driven loss continues to loom large. Without significant investment in adaptation and mitigation, insurers warn of widening protection gaps, where those most exposed to climate impacts may find cover unaffordable or unavailable. This has wide implications not only for the insurance market but also for broader financial stability, as insurers play a key role in managing society’s exposure to risk and facilitating economic recovery after disasters.
The Prudential Regulation Authority (PRA) has announced that will be conducting a dynamic stress test over a three-week period in May to examine the sector’s capacity to respond in real-world pressure scenarios, rather than just estimating losses on paper and handing them over to the PRA to grade.
The 2026 Dynamic General Insurance Stress Test (DyGist), will mark a crucial change to the watchdog’s strategy, making it more responsive and adaptive.
DyGist is set to place UK insurers and brokers under intense scrutiny, stress-testing their financial resilience, governance and operations.
This test will also help grasp how resilient organisations are when dealing with unforeseeable events such as the adoption of AI by different insurance parties or other political and economic shifts both at a national and international level.
The idea behind this test, as reported by Insurance Post, is that insurers must consider these situations as if they were true in order for the simulation to appear more real in case they happen in real life.
While the PRA has already run stress test in the past since 2019, they’ve never scrutinised insurers’ capability to respond to unexpected circumstances in real time.
This year, the PRA’s test aims to assess insurers’ solvency and liquidity, evaluate the effectiveness of their risk management and response actions, and guide the regulator’s supervisory approach.
It provides a structured environment to test crisis responses and improve risk coordination, set against a landscape of geopolitical, climate, cyber, inflation, AI and M&A-related market pressures.
The stress test involves sessions encompassing various insurance players, including carriers, reinsurers, brokers, MGAs and third-party vendors, with potential situations involving participants to provide fast responses signed off by board-level governance, although the PRA stresses that not all seniors have to be at board level as it’s still only a simulation after all.
According to Alistair Brannan, EY UK life, pensions and personal lines leader: “Fundamentally, DyGist is an opportunity for insurance firms to pressure-test and enhance their crisis preparedness, and for the PRA to identify any systemic vulnerabilities in a rapidly changing environment.
He added that: “It will be very interesting to see both how insurers ready themselves for May and the outputs afterwards, as it will help guide longer-term transformation projects in everything from data and governance to geopolitics and climate risks.”
Moreover, Michael Sicsic, former FCA GI supervision head says: “We are seeing firms establish ‘war room’ environments to test their decision-making speed. Analytically, the focus is shifting from precision in long-term forecasting to agility in short-term impact assessment.”
He also cautions against using legacy systems as they don’t allow fast reactions in case of an unforeseen event.
Pathlight senior consultant Loka Venkatramana further notes that many firms who consider themselves well prepared for the DyGist could experience challenges from a speed and data timeliness perspective.
While Susan Dreskler, partner at KPMG UK reassures insurers that they don’t need to build entirely new systems just for the sake of this stress test, but that they can rely on “proxy models and scaling factors”.
According to Insurance Post, this stress test doesn’t determine future ones, and the PRA will conduct thorough reviews and evaluations before the future of these exercises is firmly confirmed. The news outlet added that the PRA will do its best to provide the industry with constructive and beneficial insights that will guide future crisis management decisions.
Post and the PRA conclude that DyGist is a crucial exercise and insurers need to see it as ‘both a challenge and an opportunity’ that will enable the market to approach uncertainty with ‘agility and discipline’.
Biba is developing a new directory of accredited cyber insurance brokers, in partnership with the Department for Science, Innovation and Technology, to help businesses more easily access specialist cyber cover amid rising cyber risks.
Recent research by Hiscox shows cyber risk remains high, with 59% of organisations experiencing an attack in the past year, yet cyber insurance uptake remains low, with 35% of SMEs having no cover and fewer than 3% of UK businesses holding standalone cyber insurance, according to the DSIT.
As Graeme Trudgill, CEO of Biba commented: “We believe that a strong cyber insurance market is key to building cyber resilience. There are specialist brokers and insurers that have cyber solutions to protect firms and we want to highlight their expertise so that this protection gap can be closed.”
He further said that: “Our Find Insurance Service handles more than 400,000 enquires a year helping people and business get the financial protection they need. We can use this experience to bring together accredited cyber specialists into a new directory that is visible to businesses and will help build UK cyber resilience.”
Moreover, recent industry research highlights growing cyber risk but falling protection: Aviva found that 36% of SMEs view cyber as their top risk, while the ABI reported cyber claims payouts rose 230% to £197m in 2024.
Despite this, Coalition’s research shows nearly three-quarters of UK SMEs have experienced a cyber incident in the past five years, yet over a third no longer hold standalone cyber insurance.
These numbers clearly reinforce the importance of cyber coverage and why the new Cyber Insurance Broker Directory could make a huge impact in decreasing cyber risk and equipping UK businesses with the right tools and coverage to navigate the increasingly complex cyber landscape.
REG Technologies, a recognised provider of compliance and regulatory risk software for the insurance and financial services sector, today announced the appointment of Stephen Line as Chief Executive Officer.
Stephen’s appointment marks a key milestone in REG Technologies’ evolution following its recent majority investment from Accel-KKR. It reflects the company’s focus on scaling its platform and leadership capability as regulatory complexity continues to increase across the insurance and financial services sector.
Stephen brings more than 25 years’ experience scaling high-growth SaaS and data-driven businesses across EMEA and globally. He joins REG Technologies from Proactis, where he served as Chief Executive Officer, leading a period of transformation focused on customer outcomes, operational discipline and sustainable growth. He has also held senior leadership roles at Harness and Cloudera, alongside earlier positions at IBM, SAS and Infor.
His appointment comes at a time of heightened pressure across the insurance and MGA market. A prolonged soft market, tighter margins and increased regulatory scrutiny are forcing firms to grow more efficiently, without adding operational overhead. As delegated authority models expand, counterparty risk is increasingly where commercial and regulatory risk intersect.
Against this backdrop, ongoing expectations under FCA Consumer Duty and related governance requirements mean firms must demonstrate continuous, data-driven oversight, not just documented controls. REG Technologies’ view is that firms able to automate counterparty risk management and gain real-time visibility are better positioned to protect margin, secure capacity and move faster than competitors relying on manual processes.
“REG Technologies is building the platform insurance and financial services organisations need as regulatory complexity continues to rise. The opportunity ahead is significant, the foundations are strong, and the ambition of the business is clear. I’m excited to be joining as CEO at this pivotal moment and to work with the team to shape the next chapter of growth and innovation.”
Stephen’s appointment supports REG Technologies’ continued focus on leadership, innovation and execution as the company enters its next phase of growth.
REG Technologies is a compliance and regulatory risk software provider serving the insurance and financial services industry. The company’s platform enables organisations to identify and verify counterparties, streamline onboarding and due-diligence workflows, and maintain ongoing compliance monitoring throughout the business relationship. REG Technologies supports brokers, Managing General Agents, carriers, insurance and financial services networks in meeting regulatory requirements and reducing operational and counterparty risk. Founded in 2013, the company is headquartered in London.
Cyberattacks against UK organisations have increased by 129% over the past year, significantly heightening financial and operational risk across the insurance market. The sharp rise in serious cyber incidents is driving higher claims activity, tightening underwriting conditions and increasing pressure on businesses to demonstrate stronger cyber resilience.
The National Cyber Security Centre is now dealing with an average of four major cyber incidents each week, reflecting both the growing scale and sophistication of attacks. These incidents are no longer confined to data breaches or short-term system outages. Instead, they frequently involve ransomware, data theft and extended disruption to business operations, resulting in complex and costly insurance claims.
From an insurance perspective, the impact of cyber incidents has become increasingly systemic. Large organisations affected by attacks can trigger widespread losses across supply chains, exposing multiple insured parties to business interruption and contingent risk. Small and medium-sized enterprises are particularly vulnerable, as they often rely on larger partners and may lack the financial resilience to absorb prolonged disruption without insurance support.
Recent high-profile cyber events in the UK have demonstrated how quickly losses can escalate. In several cases, companies have suffered sharp declines in market value, extended operational shutdowns and regulatory scrutiny following security breaches. These factors combine to increase claims severity, particularly where incidents lead to prolonged downtime, legal costs or compensation for affected customers.
As a result, insurers are continuing to tighten cyber underwriting standards. Policyholders are increasingly required to evidence controls such as multi-factor authentication, secure data backups, network segmentation and incident response planning. Organisations unable to meet these requirements may face higher premiums, reduced cover or exclusions, particularly in relation to ransomware and business interruption losses.
At the same time, demand for cyber insurance remains strong. Businesses are seeking broader protection that extends beyond direct remediation costs to include forensic investigation, crisis management, legal defence and reputational harm. This shift reflects a growing recognition that cyber risk is not only a technology issue but a core financial and operational exposure.
Looking ahead, insurers and brokers emphasise the importance of proactive risk management. Investment in cyber security, staff training and resilience planning is increasingly seen as essential to maintaining insurability. As cyberattacks continue to rise in frequency and severity, collaboration between insurers, policyholders and government bodies will be critical to managing risk and sustaining market stability.
The UK government is intensifying efforts to improve road safety by expanding the use of roadside drug testing and reviewing wider measures aimed at reducing deaths and serious injuries on the roads. The move reflects growing concern that drug-impaired driving is a significant and under addressed contributor to traffic collisions.
Under the proposed changes, police will be given greater powers to carry out drug tests at the roadside using improved detection devices. These tests can identify a broader range of substances more quickly than existing methods, allowing officers to act before impaired drivers cause harm. Until now, enforcement has largely depended on suspicion or testing after an incident has already occurred.
Ministers believe that advances in testing technology make proactive enforcement both practical and necessary. While alcohol impairment has long been tackled through routine breath testing, drug driving has been harder to police due to limitations in detection methods. The new approach is intended to close that gap and act as a stronger deterrent.
Alongside expanded drug testing, the government is examining other road safety reforms. These include proposals for mandatory eyesight testing for older drivers and renewed discussion around alcohol limits, particularly in light of international comparisons. Together, the measures form part of a broader strategy to address behaviours most closely linked to fatal and serious accidents.
Road safety campaigners have largely welcomed the focus on drug driving but stress the importance of careful implementation. Concerns have been raised around the accuracy of roadside tests, the training provided to police officers and the need for clear safeguards to protect motorists’ rights. Maintaining public trust will be essential if the measures are to be effective.
The government argues that stronger enforcement, combined with public awareness campaigns, can help reverse the recent stagnation in road safety improvements. With progress in reducing fatalities having slowed, ministers see tougher action as necessary to save lives.
Police forces are expected to receive new equipment and training as the measures are rolled out. Drivers are being reminded that driving under the influence of drugs poses a serious risk to themselves and others, and that enforcement on UK roads is set to become more rigorous.
The UK government is intensifying efforts to improve road safety by expanding the use of roadside drug testing and reviewing wider measures aimed at reducing deaths and serious injuries on the roads. The move reflects growing concern that drug-impaired driving is a significant and under-addressed contributor to traffic collisions.
Under the proposed changes, police will be given greater powers to carry out drug tests at the roadside using improved detection devices. These tests can identify a broader range of substances more quickly than existing methods, allowing officers to act before impaired drivers cause harm. Until now, enforcement has largely depended on suspicion or testing after an incident has already occurred.
Ministers believe that advances in testing technology make proactive enforcement both practical and necessary. While alcohol impairment has long been tackled through routine breath testing, drug driving has been harder to police due to limitations in detection methods. The new approach is intended to close that gap and act as a stronger deterrent.
Alongside expanded drug testing, the government is examining other road safety reforms. These include proposals for mandatory eyesight testing for older drivers and renewed discussion around alcohol limits, particularly in light of international comparisons. Together, the measures form part of a broader strategy to address behaviours most closely linked to fatal and serious accidents.
Road safety campaigners have largely welcomed the focus on drug driving but stress the importance of careful implementation. Concerns have been raised around the accuracy of roadside tests, the training provided to police officers and the need for clear safeguards to protect motorists’ rights. Maintaining public trust will be essential if the measures are to be effective.
The government argues that stronger enforcement, combined with public awareness campaigns, can help reverse the recent stagnation in road safety improvements. With progress in reducing fatalities having slowed, ministers see tougher action as necessary to save lives.
Police forces are expected to receive new equipment and training as the measures are rolled out. Drivers are being reminded that driving under the influence of drugs poses a serious risk to themselves and others, and that enforcement on UK roads is set to become more rigorous.
Last month, the FCA mandated reporting of complaints involving vulnerable customers, cyber insurance prices decreased despite tougher underwriting, FCA figures revealed a sharp drop in insurance AR numbers and UK insurers maintained an ESG focus with tangible impact... Read these articles and many more as we bring you all the important news and views in the insurance and financial services world…
Last month, UK Government proposed cyber resilience bill, insurers led tech workforce employment, insurers focused on turning climate risk into profit and Reeves’ budget outlines impact on insurance industry…
Last month, Which? issued a super complaint against poor insurance practices, the FCA introduced new rules to tackle non-financial misconduct, a talent crisis surfaced amongst the insurance industry and ESG claims came under the spotlight... Read these articles and many more as we bring you all the important news and views in the insurance and financial services world…
Last month, the UK Reform party speculated that it would eradicate the FCA and enable insurers to self-regulate if elected, the UK government planned to trial digital driving licences amid privacy backlash, extreme weather caused significant insurance risks and costs for clean energy development, and REG hosted its Business Profile and Smart Search Webinar to help businesses enhance partner discovery. Read these articles and many more as we bring you all the important news and views in the insurance and financial services world…
Last month, social media influencers reached out to specialist insurers to protect their income and careers, VPN usage increased due to the UK's new age verification rules, tech giants spent more on executive security amid rising threats, and REG announced its upcoming webinar designed to help businesses find partners, boost visibility and trade efficiently. Read these articles and many more as we bring you all the important news and views in the insurance and financial services world…
Last month, regulatory focus on data intensified, with the FCA stressing its role in driving better customer outcomes. Carriers signalled plans to expand MGA partnerships, while AI models emerged as a disruptive threat to price comparison sites. Meanwhile, REG prepared to roll out its new Business Profile and Smart Search features, designed to bring greater visibility, insight, and connection to the insurance market. Read these articles and many more as we bring you all the important news and views in the insurance and financial services world…
Last month, experts at the Global RegTech Summit stressed that data governance must be embedded across the entire organisation, the UK insurance sector came under strain from climate change and regulation, the EU ramped up it's cybersecurity efforts and REG joined Insure TV's MGA Masterclass ahead of MGAA Annual Conference to discuss the emerging opportunities for the sector.
Last month, the FCA decided to cut back on some of its regulatory requirements as part of its efforts to become a smart regulator, the use of AI among brokers and the value it delivers continues to be questioned, Coinbase's data breach exposed 70,000 users, sparking costs and a lawsuit, and REG attended the Global RegTech Summit, uncovering unique RegTech insights and trends that keep shaping the market.
Last month, the FCA launched its 5 year strategy with a focus on embracing tech and combating financial crime, AI adoption rose among brokers, the BoE announced initiative to accelerate insurer investment, CII called on firms to prioritise vulnerable customers and REG became an Annual Silver Sponsor to the MGAA...
Last month, a new law was introduced to combat illegal online content, brokers struggled to tackle fair value rules, insurance associations join forces to wipe of misconduct in London insurance market and REG Technologies launched its Challenges and Risks Tracker to help insurers navigate their current counterparty risk management approach...
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