The FCA’s CP25/12 aims to reduce the regulatory burden for the insurance sector. We look at the key changes and how to maximise the opportunities.
The insurance sector is evolving, with changing regulations, challenging market conditions and the rise of technology within operational frameworks.
As the market gets more competitive, our collaborative, solution-led support brings you the technical expertise and fresh insight you need to achieve your goals.
The sector is currently facing new challenges around technology and regulation. Simplifying the insurance proposition is key for improving transparency and emphasising the industry's crucial role for both consumers and businesses.
1.
Advancing technology
Utilising insurtech, open insurance, and data analytics to give you a competitive edge
2.
Monitoring regulation
Advising you on changing regulations and increased compliance demands across all areas of your business, so you stay up to date
3.
Shaping cost reduction
A business transformation programme to support streamlining and cost-cutting that improves your customers' experience.
Why Grant Thornton
A rigorous approach and fresh thinking on a global scale shows you how to realise your ambitions in an increasingly competitive market.
Our key services:
- Actuarial and risk
- Financial services business consulting
- Financial services business risk services
- Regulatory advisory
- Financial services tax
- Financial crime
- Restructuring and insolvency
- Audit and assurance
Read more
Report
UK regulatory handbook 2025
An essential guide to the regulatory landscape for financial services.
Article
The top ten priorities for insurers in 2025
Discover the essential industry themes to stay ahead for the remainder of the year.
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Episode 75
Regulatory Update: FCA begins rule simplification in insurance and mortgage markets
The Financial Conduct Authority (FCA) plans to strip outdated or duplicated requirements from its insurance rule book. In this episode David Morrey, Partner, Head of Investment Management, and Ben Farmer, Senior Manager, review what this means for firms.
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24 min listen
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22 May 2025
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