FCA consults on making value data compulsory
The Financial Conduct Authority (FCA) has opened a consultation on making firms submit general insurance value measures data for publication and extending the scope to cover most general insurance products.
The move comes after a pilot project was launched in 2016 following a discussion paper in 2015.
The first set of figures were revealed in 2017 and it published the third set of numbers today (30 January).
The FCA claimed the process “has had a positive impact in the market”.
In the pilot
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The Insurance Age Podcast: 19 July 2019
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