Moving Into the Fast Lane?

Things are changing fast in the London insurance market ("the London market") from a practice and regulatory perspective, with the introduction of the Financial Services Authority ("FSA") Contract Certainty Code of Practice being a landmark development in July 2007. However, in swift succession there have been a number of developments to this basic framework. A slew of related shake-ups have also had a real effect on the daily business of insurance practitioners. In the words of the Market Reform Group, "The market is not just changing, it is getting better at change".1 Fundamentally, it is the explicit aim of the regulatory authorities to continue to drive change until the London ...

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