Blog: Next steps for the insurance sector as FCA cracks down

Michael Sicsic

Last week, the Financial Conduct Authority (FCA) released an interim report in its continuing market study into general insurance pricing practices, highlighting that the motor and home insurance markets are simply not working well for consumers.

The report confirms that consumers who do not switch or negotiate with their provider usually end up paying higher prices for their insurance. This so called ‘loyalty penalty’ impacts around six million policyholders.

The FCA has now made it clear

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: