FCA to vet wholesale insurance, outsourcing arrangements

The Financial Conduct Authority (FCA) pledged today to undertake a
market study on the wholesale insurance sector and a new review
into the general insurance distribution chain as it shifts its
focus from narrow consumer issues to market structures.
In its 2017/18 business plan the regulator said it would conduct
a study to ensure competition is working effectively in the
wholesale insurance market. It will look at how companies ensure
their practices do not give rise to "market integrity and...