The Word, May 2024
28 May 2024
May’s edition of The Word covers a variety of topics relevant to policy wording specialists, underwriters and those responsible for insurance product development.
We summarise the FCA’s approach to AI in response to the Government’s white paper, together with its latest statement on competition between big tech firms and financial service firms. We also look at the regulator’s final publication on greenwashing guidance and the proposed extension of the sustainability disclosure requirements.
We also delve into the EU’s Accessibility Act and consider what this means for businesses trading in the EU. We also take a look at embedded insurance, predicted to see a large increase in its share of global gross written premiums.
Further, following our collaboration with the Lloyd’s Market Association, we are delighted to bring an update on the recent publication of the UK Consumer Wordings Guidance, drafted in association with Browne Jacobson.
We hope you find this edition an interesting read.
Tim
Contents
- The Financial Conduct Authority’s approach to AI regulation
- The FCA comments on competition between big tech firms and financial service firms
- Final FCA anti-greenwashing rule guidance published
- The European Accessibility Act: Inclusive products and services
- From products to protection: The rise of embedded insurance
- Updated UK Consumer Wordings Guidance: Browne Jacobson collaborates with the LMA
Key contact
Tim Johnson
Partner
tim.johnson@brownejacobson.com
+44 (0)115 976 6557
Contact Tim
Meet the team
Tim Johnson
Partner
Joanna Wallens
Associate
Lauren Wilkinson
Legal Assistant
Molly Jeffs
Insurance Wording Technician
.jpg)
Thomas Gibby
Senior Associate
Related expertise
You may be interested in...
27 June 2024
Legal Update - The Word
The Word, June 2024
28 May 2024
Legal Update - Consumer Duty
Updated UK Consumer Wordings Guidance: Browne Jacobson collaborates with the LMA
28 May 2024
Legal Update - Consumer Duty
From products to protection: The rise of embedded insurance
28 May 2024
Legal Update
The European Accessibility Act: Inclusive products and services
28 May 2024
Legal Update
Final FCA anti-greenwashing rule guidance published
28 May 2024
Legal Update - The Word
The Word, May 2024
24 April 2024
Legal Update
The Baltimore bridge collapse: One of the biggest losses in maritime insurance history?
24 April 2024
Legal Update
The space data revolution
24 April 2024
Legal Update
New guidance on supporting autistic customers for the insurance industry
24 April 2024
Legal Update
Chubb ordered to indemnify SXSW for Covid cancellation
24 April 2024
Legal Update - The Word
The Word, April 2024
28 March 2024
Legal Update - The Word
The Word, March 2024
05 March 2024
Legal Update
Commercial Court considers requests for stay or anti-suit injunction where two competing reinsurance wordings
27 February 2024
Legal Update
Parametric flood policies - Insurers no longer in uncharted waters?
27 February 2024
Legal Update
LockBit unlocked: International taskforce takes down major cyber criminal organisation
27 February 2024
Legal Update - Consumer Duty
80% of GAP market pause sales amid Consumer Duty concerns
27 February 2024
Legal Update
FCA writes to MPs over car insurance premiums. What do increases mean for fraud?
27 February 2024
Legal Update
Biodiversity Net Gain: A new landscape for restoration clauses
27 February 2024
Legal Update
The regulators’ pet project
27 February 2024
Legal Update
Welsh Government inks new regulations for Acupuncture, Body piercing, Electrolysis and Tattooing
27 February 2024
Legal Update
Insurance and the escalating situation in Suez Canal
27 February 2024
Legal Update
Update: Further debates on the Automated Vehicles Bill in the House of Lords this month
27 February 2024
Legal Update - The Word
The Word, February 2024
16 February 2024
Legal Update
Progress on the Automated Vehicles Bill
29 January 2024
Legal Update - The Word
The Word, January 2024
26 January 2024
Legal Update
Voldemort causes havoc at Sellafield – nuclear risks and insurance policies
26 January 2024
Legal Update
A blow to manufacturers as Thai Court confirms insurers’ denial of cover in wind turbine case
26 January 2024
Legal Update
Adapting to change or falling behind? The FCA under fire from the National Audit Office
26 January 2024
Legal Update
Premium finance – a poverty premium
26 January 2024
Legal Update
'Clear and unambiguous' exclusions: Cameron Soule v Woodward Design + Build LLC
26 January 2024
Legal Update
Follow the leader: Insurers using algorithmic underwriting
15 December 2023
Legal Update - The Word
The Word, December 2023
![Al Mana Lifestyle Trading L.L.C. & Others v United Fidelity Insurance Company PSC & Others [2023] EWCA Civ 61 – Update](/getattachment/b24270a8-0bb3-4a8a-bcf0-37830f99591b/shutterstock_710149084_6x4.jpg?variant=HeroImageTabletVariantDefinition)
08 December 2023
Legal Update
Al Mana Lifestyle Trading L.L.C. & Others v United Fidelity Insurance Company PSC & Others [2023] EWCA Civ 61 – Update
08 December 2023
Legal Update
Proposed amendments to the Arbitration Act 1996
08 December 2023
Legal Update
Chubb leads a $50m consortium to help mitigate the increasing risks associated with lithium-ion batteries
08 December 2023
Legal Update
D&O: Australian Courts consider the meaning of ‘personal advantage'
08 December 2023
Legal Update
Trade credit: Australian Courts consider the meaning of ‘recoveries’
08 December 2023
Legal Update
Energy insurance: Technip Saudi Arabia Limited v The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company ('Medgulf')
08 December 2023
Legal Update
Covid BI litigation (Autumn 2023): Insurance coverage disputes update
30 November 2023