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Just how is my life insurance being regulated?

Tuesday, February 16, 2010

When entering into a long term and what could even be life long contract, it is nice to know that it is held accountable to some sort of governing body. Well here is how it works with the life insurance industry.

Life insurance, as well as all other insurance companies, answer to the Financial Services Authority (FSA). This is the same governing body that holds banks, insurance intermediaries and financial advisors accountable as well. The one exception, travel insurance, which has t ... Read full article

Category: Life Insurance

The Life Insurance Industry Faces a Call for More Transparency

Monday, February 15, 2010

When entering into any contract, one of the most important requirements from the agreement is clarity and transparency. It would seem as though this is a pretty realistic expectation when it comes to any purchase let alone a long-term financial commitment, such as life insurance. Until recently, life insurers have had more or less free reign when it comes to the clauses within their policies.

There has recently been a move by the Association of British Insurers to change the very nat ... Read full article

Category: Life Insurance
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