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...
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