The Jersey Financial Services Commission (JFSC) issued a press release in March 2017 explaining that it would be undertaking a review of Professional Indemnity Insurance (PII) arrangements in place within Jersey’s finance industry. Having adequate PII in place is a regulatory requirement for licensed entities, and this is of particular importance due to the lack […]
Read MoreFCA Review of GENERAL INSURANCE INTERMEDIARIES’ PII
The FCA has published its thematic review report on general insurance intermediaries’ professional indemnity insurance (PII). The review was conducted to evaluate the individual policies purchased by some firms to assess whether they complied with the requirements of the Prudential Sourcebook for Mortgage and Home Finance Firms, and Insurance Intermediaries (MIPRU) and to determine how […]
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