On 14 January general insurance regulation will have been in place for a year. What effect has regulation had on the insurance industry - and have we seen any tangible results?
Market views Peter Chadborn, CBK The view on the effect of general insurance (GI) regulation will depend on who you talk to and will vary according to what level of regulation they were used to before 14 January 2005. As a previously fully regulated firm, we have seen little change in day-to-day activity apart from a couple of extra regulatory forms to check we are doing what we have always done. Conversely, advisers I speak to who were previously non-regulated have seen significant changes in the advisory process. The requirement to demonstrate they have assessed their client...
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