FSA – recognises industry’s solution to market certainty
The Financial Services Authority (FSA)announced that the insurance industry has met the challenge laid down to achieve a solution to contract certainty in the UK. This has resulted in a more efficient market for buyers, brokers and insurers and brought competitive benefits to the UK market.
The FSA's decision follows a meeting with insurance industry leaders last week in which the industry reported that 90% of contracts in the subscription market and 88% in the non-subscription market
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