The Financial Services Authority (FSA) has issued a warning over what it deems to be the main risks of consumer detriment in the general insurance market in its Retail Conduct Risk Outlook for 2012.
In particular it has flagged up the difference between initial premium and the price the customer actually has to pay; the manufacture of products that are of little use to those who buy them; and the sale of add-on products.
This is not the first time the sale of add-ons has been the focus of regula
- FCA warns on clone of Ellis David Insurance Brokers
- InsurTech Futures: Ex-Brokerbility and Aviva expert targets on-demand market
- Miller buys Alston Gayler and Co
- Blog: Does your board meet FCA standards?
- FCA issues another clone broker warning
- Podcast: Certus' Ben Welsh looks at the top five stories of the week
- Axa XL to move EU arm to Dublin