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20 September 2023Insurance

London market falling down on DEI as misconduct goes on rise: FCA

The London wholesale market is backsliding on attempts to improve corporate culture and inclusiveness, with “a concerning increase” in incidents of misconduct now pushing the UK’s regulators to threaten a new wave of enforcement actions.

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25 September 2023   Regulatory oversight should move insurers from DEI ‘policy’ to DEI ‘strategy’.
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2 December 2022   Insurers ‘satisfied themselves’ on compliance, ‘but provided no evidence’ in support.
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27 July 2022   Industry warns of ‘significant undertaking’ and ‘danger’ of over-focus on price.