FCA seeks industry feedback on value of publishing claims ratios
In a discussion paper published today, the Financial Conduct Authority has set out and invited comments on options for the publication of product value data, following concerns about poor value and a lack of effective competition in general insurance markets.
The focus on claims ratios was first included in the FCA's provisional findings in early 2014 and faced scepticism from the industry at that point. Then its final market study, published in Juy 2014
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