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Regulatory ripple effect of the Which? insurance complaint

EAH, David Cross at the Financial Conduct Authority, Chris Bose at the Association of British Insurers, Steve Edwards at Which?  and James Daley of Fairer Finance.

The Financial Conduct Authority’s response to Which?’s super-complaint about home and travel insurance, and the regulatory ripple effects now facing the industry, are the focus of the latest episode of the Insurance Post Podcast.

Steve Edwards, head of external affairs and campaigns at Which?, explains what triggered the complaint, plus what the consumer watchdog hopes will be the outcome of the additional work the FCA has

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How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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