Staying on top

Regulation

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Although general insurance (GI) day has been and gone, the work is far from over. Branko Bjelobaba explains why intermediaries must ensure they stay ahead of the game

Eight months into statutory regulation, it appears that health insurance intermediaries can be divided into two distinct categories. Some feel they can take their foot off the compliance accelerator. Having achieved authorisation, this group believes that a few cursory considerations towards compliance in the day-to-day running of the business are all that is required to keep the Financial Services Authority (FSA) at bay. For others, the practical application of statutory regulation continues to dominate their working lives, and the frenzy of activity leading up to general insurance (GI) ...

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