UK government consults on proposals for a new pro-competition regime for digital markets

On 20 July 2021 the government published a consultation on its proposals for a new pro-competition regime for digital markets.  The proposals are based on the recommendations set out in the Furman Review, the CMA’s final report of its market study into online platforms and advertising and the Digital Markets Taskforce report to government published in December 2020.  The  new pro-competition regime will aim to proactively shape the behaviour of digital firms with significant market power by making it clear how they are expected to behave. Read more

InsurTech – Ready to Deliver on its Hype?

With three UK based InsurTech companies earning “unicorn” status in 2021, the UK InsurTech market has the potential to be one of the most dynamic in the world. However, investment and impactful innovations in the insurance sector have so far been primarily focussed on small business and personal lines, as well as improving the efficiency of back-office processes. Meaningful innovation affecting lines of sophisticated, commercial insurance has been less evident. Read more