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Tag Archives: Cyber Security

Posted in Regulatory and legislative updates, UK

UK: FCA 2017/2018 Business Plan – Sector priorities for general insurance

In its recently published 2017/2018 Business Plan the FCA outlines its priorities for the general insurance sector over the coming year and beyond. In general, the Business Plan identifies a shift in focus towards market structures, incentives and distribution and away from issues directly affecting retail/SME consumers (though the FCA will continue to monitor and review

Posted in Market developments, UK

UK: Cyber Essentials – Insurance industry backs new government cyber security initiative

On 5 June a new government initiative went live aimed at encouraging businesses to protect themselves from the ever-growing risks of cybercrime. This new initiative named “Cyber Essentials” aims to fulfil two key functions: firstly, it provides a clear statement on the steps that should be taken by businesses to mitigate the risk of cybercrime;