The FCA has made a rule that it hopes will encourage consumers to shop around before deciding whether to renew a general insurance policy with their existing provider.
The UK’s Financial Conduct Authority (FCA) is planning to make new rules and guidance that will require general insurers to include last year’s premium on their consumer renewal notices, in the hope that this will encourage consumers to shop around, instead of renewing automatically with their current provider. General insurers will also be required to do more, if a consumer has already renewed […]
Should we expect the FCA to carry out a thematic review of internet sales of insurance & pension products?
EIOPA has recently published a brief formal “Opinion on sales via the internet of insurance and pension products“. Long story short: EIOPA has carried out a fact-finding exercise into the way that insurance and pension products are sold via the internet,and other “digital and remote channels“. In the course of […]