Thingco boss Brockman questions insurers' pricing rules preparations after hitting pause on capital raise
Thingco CEO Mike Brockman has questioned insurers’ preparedness for pricing rules that took effect at the start of the year, after the telematics insurtech hit pause on a capital raise amid uncertainty generated by the regulations.
Under rules introduced by the Financial Conduct Authority to address dual pricing, providers must now offer renewing policyholders the same price they would be quoted as a new customer.
Former Insure
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