After the storm


Professional Adviser

Compliance consultant Branko Bjelobaba looks back at how Financial Services Authority regulation has affected the PMI sector and forecasts the future outlook.

The storm of heated debate and trepidation surrounding the Financial Services Authority (FSA) regulation of insurance mediation was a long time brewing and, two years after it hit, some could say the winds have yet to die down completely - but how has the private medical insurance (PMI) sector weathered? Did regulation cause devastation or has the market been robust enough to prove itself capable of meeting the needs of consumers even in the face of harsh conditions? To assess whether regulation really has changed the way in which players operate and by which consumers buy, the FSA's own r...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes



Already a Professional Adviser member?


More on Compliance

LCP secures 'record income' of £149m in 2021/22

LCP secures 'record income' of £149m in 2021/22

Further growth of 5%

Holly Roach
clock 25 July 2022 • 2 min read

When an inspector calls: How to get the most out of your compliance visit

Jason Kirk, senior compliance field manager at SimplyBiz, explains how to get the most value out of your compliance visits...

Jason Kirk
clock 06 October 2011 •

BIBA clarifies limitation of liability for brokers

The British Insurance Brokers' Association (BIBA) has launched a new publication to provide clarification to brokers on the issue of limitation of liability when advising clients.

clock 12 April 2010 •