The FCA’s new Consumer Duty regulation has had a profound impact on the financial services market since it’s go-live in July-23. Valentia Partners takes a look at some of the challenges firms have faced since Day 1, what is required to implement effective monitoring and reporting processes, and how firms can future-proof procedures to ensure they act in the interests of their consumers in the future.
Valentia Partners Insurance Leader Justin Balcombe recently sat down with Jean Gazançon, the CEO of ARTE Generali - a division of Generali, to explore the intricate world of specialty art insurance. Their fascinating conversation spanned the challenges posed by climate change, transit risks to art, and highlighted the transformative impact of digitization and AI on art insurance, among other insightful topics.