FCA calls for claims ratios in final add-ons report face renewed criticism
The Financial Conduct Authority’s proposal to impose a requirement for insurance companies that engage in the sale of add-on products to publish claims ratios as a measure of value is expected to face continued criticism.
The FCA, which published the final findings from its market study on the sale of general insurance add-ons on 24 July, has raised questions over the value attached to add-ons and is calling for firms
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