FCA insurance spend rises to £264,587 for 2018/19

Money

The Financial Conduct Authority (FCA) saw its insurance spend go up for the financial year 2018/19.

A Freedom of Information request by Insurance Age revealed that the watchdog shelled out £264,587.26 for its cover for the year.

The cost of insurance went up from £258,237.55 in 2017/18.

Broker
For both years the regulator used Aon as its broker.

According to the organisation its general insurance spend covers the following:

Property Damage/Business Interruption Combined Liability Excess

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