FCA issues fair value warning amid government's flats insurance review order
The Financial Conduct Authority has written Dear CEO letters to insurers and brokers, putting pricing models, product fair value and commission in the spotlight after the government ordered a review into the "failing" insurance market for leaseholders.
Michael Gove, Secretary of State for Levelling Up, Housing and Communities, had called for the probe into the “crippling costs” of insurance premiums for residents of blocks of flats.
His letter was
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 info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Risk concerns deepen as Iran War intensifies
Following the renewed outbreak of conflict in the Middle East, reaction across the insurance industry has highlighted disruption across marine, aviation and specialty markets.
Insurance AI chatbot launched, powered by unrivalled journalism, research and data
Insurance Post is pleased to announce the launch of Insurance Pulse, a UK insurance AI chatbot, powered by unrivalled journalism, research and data.
Cyber competition must not weaken underwriting discipline
View from the Top: Ian Summerfield, head of cyber at Pen Underwriting, calls for cyber resilience and risk management to stay centre stage.
Arag launches campaign to improve access to justice
Arag has partnered with The Purpose Coalition to launch Insuring Justice, a campaign aimed at improving access to legal protection insurance.
SME cyber insurance gap is a risk too big to ignore
Markel’s Josh Brown and Rachel Nestor unpick the nature and frequency of today's cyber attacks against SMEs, future threats on the horizon, plus what steps can be taken to mitigate business interruption.
Big Interview: Matt Williams, Allianz Trade
Matt Williams, UK and Ireland CEO at Allianz Trade, sits down with Harry Curtis to discuss how the insurer is putting its data to work, what’s driving demand for trade credit policies, and his thoughts on Trump’s tariffs and the UK economy.
Axa’s du Rostu: Why firms need a chief geopolitics officer
As conflict, sanctions and supply chain shocks reshape markets, Pierre du Rostu, CEO of AXA Digital Commercial Platform, says every companies may soon need a chief geopolitics officer to help leadership anticipate risk, connect fragmented insights, and navigate an increasingly unstable world.
Two-thirds of commercial properties underinsured
Underinsurance is shifting from a background industry concern to an issue that is directly affecting claims outcomes, according to Aviva’s latest Broker Barometer research.