FCA pricing review shifts insurers' attitude to insurtechs, says Urban Jungle CEO
The introduction of the Financial Conduct Authority’s pricing review has shifted attitudes to insurtechs and is leading to insurers competing to work with them, according to Urban Jungle CEO Jimmy Williams.
The FCA’s ban on price walking, intended to eliminate the so-called ‘loyalty penalty’, is due to come into effect on 1 January 2022.
The changes mean that when a firm offers renewal to a consumer, it
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