<P> Insurance in the United Kingdom , particularly long - term insurance , is divided into different categories . The categorisation is currently set out in sections 333B , and 431B to 431F of the Income and Corporation Taxes Act 1988 ( ICTA ) with each category of business given a different tax treatment . The Chartered Insurance Institute is a prominent professional group first chartered in 1913 The Financial Services Authority was formed in 2001 as the regulator . In 2013 the Financial Services Authority was dissolved and financial regulation was instead placed with the Financial Conduct Authority and Prudential Regulation Authority . </P>
<P> Insurance in the United Kingdom , particularly long - term insurance , is divided into different categories . The categorisation is currently set out in sections 333B , and 431B to 431F of the Income and Corporation Taxes Act 1988 ( ICTA ) with each category of business given a different tax treatment . The Chartered Insurance Institute is a prominent professional group first chartered in 1913 The Financial Services Authority was formed in 2001 as the regulator . In 2013 the Financial Services Authority was dissolved and financial regulation was instead placed with the Financial Conduct Authority and Prudential Regulation Authority . </P>
who regulates the insurance industry in the uk
who regulates the insurance industry in the uk
Financial Services Authority
Financial Services Authority