Insurance trade bodies have welcomed the Financial Conduct Authority’s (FCA) market study into general insurance pricing, which will consider “all possible remedies” to make the market work for consumers.
Today (31 October), the regulator launched an investigation into how insurers charge home and motor customers.
The regulator identified that current practises in the industry have the potential to cause harm to customers, particularly the vulnerable.
The review comes hot on the heels of
- Gibraltar insurer, Lamp, goes into liquidation amid insolvency
- Blanc expects Goldman Sachs to invest in Aston Lark for 'at least five years'
- Three insurance firms on FSCS insolvency list
- Aston Lark confirms Goldman Sachs investment deal
- Investors value Ardonagh at £1.9bn
- Brokers warned over admin fees and commission
- Aviva continues to top Brokerbility members survey