The FCA’s final report on its market study into general insurance pricing practices proposes several reforms to ensure fair value for customers. In this webinar, an expert panel discuss what the future holds for insurance pricing and how insurers can adapt by adopting different pricing techniques.
Recent commentary and media coverage about the FCA’s business interruption insurance test case has hit the reputation of the insurance profession. The Society of Insurance Broking’s Kevin Hancock explains why brokers must take a proactive role in rebuilding perceptions of insurance.
In this blog, Ian Lloyd, head of technical product at RAC, discusses why breakdown insurance remains relevant today despite improvements in automotive technology and what brokers need to think about when choosing products for their motor customers.
In December, the UK’s PRA set out its priorities for the insurance sector in 2021, whilst the FCA continues to focus on ensuring equitable pricing and treating customers fairly. This blog highlights regulations on the horizon and why nimbler insurers will navigate 2021’s uncertainties more easily.
M&A activity, providing fair value to customers, pricing transparency and high levels of switching have made customer data management a key challenge for insurers. This blog highlights how ID matching can help insurers build more transparent pricing and a better customer journey.
Based on research conducted by Insurance Post and LexisNexis Risk Solutions, this spotlight looks at the forces shaping the motor insurance landscape. Topics covered include the changing behaviours of motor policyholders, the FCA policy statement and the future of motor insurance pricing practices.
This blog looks at some of the new requirements from the FCA for pricing practices and fair value provision, and how intelligent automation can help with the implementation of operational changes and ongoing compliance.
It will not have escaped the attention of insurance brokers that Christopher Woolard, interim CEO at the FCA wrote a specific letter to general insurance intermediaries concerning adequate client money arrangements. This blog highlights how insurance brokers can minimise regulatory attention.
Verisk and OnePoll surveyed UK pet insurance customers to learn more about the market, what customers look for in policies, and what their attitudes are around coverage options for pets with pre-existing conditions. This report sheds light on the changing expectations of UK pet insurance customers.
Financial inclusion, including affordability, is a core priority of regulators and businesses. This on-demand webinar looks at how insurance companies can work towards meeting the FCA guidance around affordability checks.