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The Association of British Insurers (ABI) has responded to the FCA's multi-firm review assessing General insurance product value and coronavirus (Covid-19) Guidance. |
James Dalton, ABI Director, General Insurance Policy says: “This is a useful stocktake of firms’ approaches to product value, particularly in the context of Covid-19. As the FCA acknowledges, the review found that most insurance products maintained their core utility and value during what has been an exceptionally challenging period for both customers and firms. The FCA also recognises evidence of good customer value including through premium refunds, extension of cover, individual customer support and the industry’s charitable donations through the ABI’s Covid-19 Support Fund. “Since the data was collected for this review, significant work has continued to take place across the industry to meet the enhanced product rules and the new governance rules scheduled to come into force in October and the new pricing rules due to be introduced by January. Together, these substantial reforms emanating from the GI Pricing Practices Market Study are a once in a generation opportunity to improve customer outcomes across the industry. Inevitably, whilst some firms will be more advanced than others in preparing for the new rules, all our members are fully committed to continuing to work with the regulator to ensure change is delivered on time.” |
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BPA Implementation Manager | ||
North / hybrid working 50/50 - Negotiable |
Head of Reserving | ||
City of London - £150,000 Per Annum |
PRT or BPA Specialist | ||
Nationwide offices / hybrid working - Negotiable |
Retirement Consultant | ||
UK-wide / hybrid 2 dpw office-based - Negotiable |
GI Associate Actuarial Director | ||
London / hybrid 2-3 dpw office-based - Negotiable |
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London / hybrid 2-3 dpw office-based - Negotiable |
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London / hybrid 2-3 dpw office-based - Negotiable |
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Flex / hybrid - Negotiable |
Take the lead on actuarial financial ... | ||
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With-Profits and Investment Risk Expert | ||
Flex / hybrid - Negotiable |
Reinsurance Actuary | ||
London/Hybrid - Negotiable |
CONTRACT (12 months): Underwriter | ||
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CONTRACT (12 months): Senior Underwriter | ||
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MI Manager | ||
UK South West / hybrid 2 days in the office - Negotiable |
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UK South West / hybrid 2 days in the office - Negotiable |
LONDON MARKET CONTRACT: Capital Model... | ||
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South East or Scotland / hybrid 2 dpw in the office - Negotiable |
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