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FSA sets record fine for Zurich Insurance

Wednesday, August 25, 2010

According to news reports, insurance giants Zurich Insurance Plc have been fined a record amount at the hands of an investigation by the Financial Services Authority (FSA). The firm have been asked to pay over two hundred thousand pounds following an investigation by the FSA which found Zurich to have failed in managing data security. Zurich were subsequently charged with a lack of proper procedure to safeguard the personal information of its customers.

The investigation by the FSA was ... Read full article

Category: Life Insurance

Skandia revises Life insurance product suite

Tuesday, August 24, 2010

Skandia, the global insurance company, has announced plans to reevaluate and alter their Life Insurance product suite, towards the end of the year. In a bid to simplify their Life insurance products, Skandia will be assessing the insurance they provide to customers to make them more appealing.

Currently, the organisation offers critical illness cover in addition to managing savings and investments, and providing Life products. They have announced that they will no longer be providing cr ... Read full article

Category: Life Insurance
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