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
The Insurance Age editorial team dig into this week's top stories.Subscribe to our daily newsletter for all the latest news
- Construction firm unable to find insurance due to lack of capacity
- NED salaries in the insurance sector revealed
- Mactavish criticises industry for "knee-jerk reaction" in hardening market
- FSCS agrees Alpha replacement cover deal
- ABI bites back on discount rate
- Brokers must transform to evade threat of AI - report
- FCA reiterates dual pricing concerns