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Complaints about insurer conduct and BI drop to pre-pandemic levels

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Complaints about insurer conduct and business interruption have dropped almost to pre-pandemic levels, while calls for compensation relating to travel and roadside assistance cover are both at a three-year high, according to the latest Financial Ombudsman Service and Financial Conduct Authority data.

Post’s Financial Conduct Authority and Financial Ombudsman Service Complaints Trackers, displaying data up to H1 2022 for the regulator and Q3 2022 for the ombudsman, reveal fewer issues with insurer

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FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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