Blog: Don't rest on your SIMR laurels

Boardroom moves

After the flurry of activity ahead of the various Senior Insurance Managers Regime deadlines, some firms might have concluded that implementation is complete and it is now possible to relax into business-as-usual mode. However, major ongoing and future challenges to the industry remain.

Since 1 January, UK-regulated insurers have been required to maintain an internal governance map, with failure to do so leading to potentially serious and financially painful consequences.

The map

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City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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