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
- PIB seeking to raise £100m - £200m to fund growth
- Nick Milton to develop Pen Underwriting’s broker strategy replacing Simon Taylor
- Experts urge brokers to look over remuneration after FCA warning on GI distribution failings
- Wonga's Tara Waite (formerly Kneafsey) returns to insurance with Ageas role
- Arch buys Obelisk Underwriting
- Tokio Marine Kiln’s Blundell joins Biba
- FCA warns brokers to be ready for SM&CR