Simplifying the Insurance Rules: What Firms Need to Know

Introduction

The FCA indicated when it launched the Consumer Duty that it would look to see whether other rules could be simplified or removed in light of the Duty. The drive for more proportionate regulation has increased since the Chancellor's remit letter of November 2024 requiring the FCA to take action to facilitate growth. This short webinar will highlight the FCA's work to simplify the insurance rules, both the work already carried out and the FCA's plans for further simplification in 2026.

What You Will Learn

This short webinar will cover the following:

• Summary of the action already taken by the FCA in PS25/21 'Simplifying the Insurance Rules' and the options open to insurance firms to use the new flexibility in the FCA's rules
• Summary of other simplifying action proposed and taken by the FCA across product-specific rules, conflicts of interest rules and data returns
• An in-depth examination of the FCA's proposals to look at further specific areas of insurance conduct regulation, including the territorial scope of the Consumer Duty and insurance product specific reporting requirements
• A look ahead to other areas of simplification and innovation identified by the FCA as relevant to the insurance sector
• Considerations for insurance firms in light of the FCA's approach to simplification of the rules

This pre-recorded webinar will be available to view from Wednesday 1st July 2026

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