United Kingdom: Insurance

The Financial Conduct Authority has identified a significant protection gap in the UK market, with 59% of adults never having considered financial protection products. This comprehensive regulatory update examines the FCA's integrated programme of remedies, alongside critical developments in audit standards and vulnerable consumer support requirements that will reshape how financial services firms operate through 2027.

The UK's automated vehicles regime enters a critical new phase as the Department for Transport prepares a 2026 consultation on the wider regulatory framework following the Automated Vehicles Act 2024. This consultation will address operational, insurance and liability issues that will determine how claims are handled and risks priced in the emerging self-driving vehicle ecosystem. For insurers, this represents a pivotal opportunity to shape the future claims, liability and data-sharing framework that will u

In a landmark ruling, the English Commercial Court has determined that insurers must continue advancing defence costs under D&O policies even when fraud allegations are pending, provided a non-avoidance clause is present. The decision addresses whether such clauses violate public policy and establishes that insurers cannot withhold coverage until fraud is either admitted or proven by final court decision.