FCA proposes regulatory changes to tackle 'harmful' insurance pricing practices

22-09-2020

UK regulator the Financial Conduct Authority (FCA) has proposed a series of measures to tackle concerns about the "harmful" general insurance pricing practices. The FCA estimates that its proposals will save consumers £3.7 billion over the next ten years, while Willis and Moody's warn it could lead to less effective competition, profit erosion and worse consumer outcomes.


FCA, Willis, Moody's, Insurance, Reinsurance, Stephen Jones, Dominic Simpson, UK

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