Mike Smart
Mike Smart has worked in the insurance industry in both personal and commercial lines across multiple geographies for over 30 years. He has operated as a Board member for several different technology companies, as well as having run an FCA regulated insurance entity.
Blog Post - EMEA
Regulation, regulation, regulation: change is coming in the UK
Mike Smart
Nimbler insurers will navigate 2021’s uncertainties more easily, writes Mike Smart, Sales Director, Duck Creek Technologies In December, the UK’s Prudential Regulation Authority (PRA) set out its priorities for the insurance sector in 2021. Despite this unusual step, the regulator used the familiar format of a “Dear CEO” letter to the chief executives of insurance…
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Blog Post - EMEA
“Price Walking” is the thin end of the wedge
Mike Smart
I’ve been following with interest the UK Financial Conduct Authority (FCS)’s recent market study – General insurance pricing practices, and for those that have missed this, the FCA have been looking at the current practice of charging existing customers more for their home or motor insurance renewals than new customers. “Price Walking” has been prevalent…
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