Renewal rules add to burden on brokers

red-tape-businesswoman-illo

This August the Financial Conduct Authority (FCA) published new rules for retail general insurers to address concerns about the level of customer engagement around renewals. 

When the proposals were made last December, many insurers welcomed them. But, according to some market specialists, the watchdog’s ultimate move to ensure personal lines renewal quotes include previous premiums is not much of a solution for consumers. Instead it adds to red tape and is perceived as a hassle for brokers.

The

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: