Add ons
Head to Head: Add-ons
This year’s Biba conference, taking place at Manchester Central, has the theme ‘Customer, customer, customer’. With that in mind, Post asked some leading industry figures to go head-to-head on the burning customer issues.
Premium rise likely if add-ons changes implemented
The Financial Conduct Authority’s proposed changes to the way general insurance add-ons are sold could spell the end of competitive introductory premiums, accountancy firm Moore Stephens says.
Add-ons remedies to help level playing field for brokers, Biba says
The British Insurance Brokers’ Association has called the Financial Conduct Authority’s suggested remedies to its market investigation into add-ons a sensible first step.
Editor's comment: Add-on agony advances
The insurance industry is no stranger to damning verdicts and this week’s, in the form of a report into the level of competition in the add‑ons market, must come as no surprise.
ABI calls for market specific look into add-ons
The Association of British Insurers has criticised today’s Financial Conduct Authority report into general insurance add-ons as being “generic” and is calling for the regulator to take a market specific approach.
More self-insurance schemes likely after FCA add-ons report
The Financial Conduct Authority report released today on general insurance add-ons could see the establishment of alternative forms of self-insurance, according to EY.
FCA must pursue ‘big boys’ first on add-ons
A compliance expert is calling for the Financial Conduct Authority to pursue the “big boys” first on general insurance add-ons mis-selling and demand retrospective action where mis-selling has taken place.
FCA plans overhaul of GI add-ons market
The Financial Conduct Authority has unveiled a shake-up of the £1bn general insurance add-on market after a study delivered a damning verdict on the level of competition within the sector.
Add-on sales top the agenda in Competition Commission talks
CHO critical of commission’s credit hire cost calculations,
Switched On Insurance launches travel add-on product
Gadget insurer Switched On Insurance has launched a travel insurance add-on product to boost protection for travellers carrying electronic goods.
DAS calls for transparency on add-ons in response to CC report
Legal expenses provider DAS has called for greater transparency of the value for money add-on products can offer customers in the wake of the Competition Commission report into private motor insurance released this month.
More brokers face fines over add-ons after Swinton pays £7.4m penalty
Analyst blames drop in Esure’s profit expectations on bundled add-ons.
FCA fines Swinton £7.4m for mis-selling add-ons
The Financial Conduct Authority has fined Swinton almost £7.4m for the mis-selling of add-ons.
Add-on investigation highlights data opportunity: Sas
The enquiry into the selling of add-on products should prompt insurers and brokers to better utilise data in offering products to consumers according to Sas head of insurance Martyn Kyle.
Swinton apologises over complicated add-ons
Swinton has apologised for selling add-on products that customers might have struggle to understand and is offering them a refund.
Add-ons: Into the mist
The Financial Conduct Authority’s investigation into add-ons threatens to create fault lines between the industry and the public. Is the sector’s house in order or is a clean up needed?
Brokers selling add-ons contacted by FCA as regulator begins crackdown
Signs the Financial Conduct Authority’s scrutiny of insurance add-ons is underway have been witnessed by brokers that have already been contacted by the regulator.
Add-ons: In the firing line
What will the expected aggressive stance from the Prudential Regulation Authority mean for the future of add-on sales?
L&G promotes add-on policies
Legal & General is rolling out a campaign promoting the value of cover such as extended accidental damage, personal possessions and family legal protection that can be added to standard household insurance policies.