Monthly Archives: August 2017

TCF in a bijou nutshell

Treating Customers Fairly (TCF) has been a key part of the regulatory landscape since January 2009. What does the FCA expect of your firm? Meeting the six customer outcomes Measuring your performance and what you are doing about gaps  you … Continue reading

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Lloyd’s trust funds and the Chain of Security

As most people with even a passing familiarity with the insurance market will know, Lloyd’s moves in a mysterious way. One aspect of this is that premium paid to Lloyd’s syndicates is not available to the syndicate members until three … Continue reading

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Get bloodstockin’!

Bloodstock insurance insurance is a highly specialised niche product that covers horses purchased as investments, i.e. mostly racehorses. If you have three or more staff you’d like to train up in the arcane arts of bloodstock insurance, Searchlight can offer you … Continue reading

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Do you know your SMCR from your SIMR?

The Treasury is set to extend the Senior Managers and Certification Regime (SMCR) across the entire UK Financial Services sector in 2018. This includes all insurers covered by the existing Senior Insurance Managers Regime (SIMR) as well as all non-SIMR … Continue reading

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Which is the right one to hire?

How are your interviewing skills? No complaints in that department? Then perhaps we need trouble you no further. But if you think your own skills – or, more likely, those of one or more of your employees – could do … Continue reading

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Methods of appraisal

As with skinning a cat, there is more than one way to carry out the rather more mundane and (ideally) humane process of conducting an appraisal. At the simplest level there are three main options. In the paragraphs below, we … Continue reading

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Driverless risks and opportunities

Machines, systems, and vehicles that employ artificial intelligence raise a number of interesting issues for the insurance industry. Of particular and immediate relevance for the UK insurance market is the imminent arrival of driver-less cars, currently being tested in the … Continue reading

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