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Pricing practice changes would put the onus on insurers to charge a 'fair price'

dual pricing

Large insurers with big books of home insurance business could "lose out" following pricing practices review, but profitability is unlikely to be "heavily dented", ratings agency says.

The Financial Conduct Authority has launched a market review into general insurance pricing, amid the Citizens Advice’s recent super complaint on dual pricing practices.

The super complaint includes

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Big Interview: Chris Knight, Financial Conduct Authority

The Financial Conduct Authority’s new director of insurance, Chris Knight, speaks exclusively to Insurance Post about premium finance, why enforcement action against firms that fail to comply with the Consumer Duty is looming plus whether the watchdog could soon scrutinise ChatGPT.

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