What is Cyber Insurance?
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What is Cyber Insurance?

Hackers and other criminals are using increasingly sophisticated techniques to scam and exploit people. And nothing is off-limits for them. So you should consider any aspect of your business that relies on digital technologies as a potential weak-spot, as an area that cyber criminals could target. Even if you’re an independent contractor offering painting and…

What is an Insurance Intermediary and What Are the Different Types?
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What is an Insurance Intermediary and What Are the Different Types?

An insurance intermediary acts as a bridge between insurers and their clients. Some intermediaries work with insurers, whereas others work with their clients. In most cases, though, they work to match the right insurer with the right consumer. They ensure that consumers get all the cover they need at a price they can afford, and…

Insurance Broker Market Trends: Future Opportunities
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Insurance Broker Market Trends: Future Opportunities

In this post we’ll explore some of the key trends that could define the insurance market from 2024. As well as some key opportunities for growth, we’ll also discuss some of the major challenges that the next year could pose to insurers and insurance brokers. Further Advancements in AI Artificial intelligence (AI) has given the…

a block saying data breach on a computer keyboard
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Principles of GDPR & What Breaches Mean for Business

The General Data Protection Regulation (GDPR) came into effect in 2018. Through outlining certain processes for handling and storing information, it provides a legal framework for organisations to keep personal data safe. The Data Protection Act 2018 is the UK’s implementation of GDPR. Principles of GDPR GDPR outlines certain data protection principles. All organisations must…

Anti-Money Laundering (AML) in Insurance
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Anti-Money Laundering (AML) in Insurance

As regulated businesses, insurers and insurance brokers must meet certain anti-money laundering (AML) commitments. In this post we’ll take a look at the sort of AML trends that might impact regulated businesses like yours. Artificial Intelligence in Anti-Money Laundering Processes – New Opportunities and Threats Artificial intelligence (AI) is quickly transforming the way we live…

Regulations book. Law, rules and regulations HMRC
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An Implementation Guide for TCF Guidelines for Insurance Brokers

The Financial Conduct Authority (FCA)’s Treating Customers Fairly (TCF) guidelines apply to every financial services provider that they regulate. In this post, we’ll discuss how insurance brokers can implement these TCF guidelines through exploring the six outcomes that the FCA wishes to result from their initiative. What is the TCF Initiative? The FCA’s TCF initiative…

telesales staff answering calls
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FCA Consumer Duty: A Summary & Implementation Tips

The Financial Conduct Authority (FCA) is one of the major bodies responsible for regulating insurers and other financial agencies and has published rules on Consumer Duty. They set regulations that anyone who wants to sell, arrange, or advise on certain financial products must meet. What is the FCA Consumer Duty? The FCA’s Consumer Duty is…

insuretech100 orange Tapoly umbrella in a sea of black umbrellas
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InsurTech100 features Tapoly in 2023!

Specialist research firm FinTech Global has unveiled its sixth annual edition of its prestigious InsurTech100 winner list naming Tapoly. The ranking celebrates the groundbreaking tech companies that are developing solutions to the insurance industry’s most daunting challenges. Over the last couple of years, insurance firms have faced an uphill battle to rapidly digitise their services…

What Are the FCA Threshold Conditions for Insurers?
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What Are the FCA Threshold Conditions for Insurers?

The Financial Conduct Authority (FCA) is one of two major bodies that regulates insurers and the wider financial sector. They establish and enforce stringent regulations that anyone who wants to sell, arrange, or advise on insurance must meet. Part of these regulations are a set of threshold conditions. In this post we’ll explain what the…

A Guide to the FCA’s 5 Code of Conduct Rules and Regulations
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A Guide to the FCA’s 5 Code of Conduct Rules and Regulations

The Financial Conduct Authority (FCA) is one of several organisations that regulate the insurance industry. You need to apply for FCA approval if you want to offer any kind of regulated insurance services in the UK. As part of their supervision, the FCA imposes a Code of Conduct on all the financial firms it regulates….