Concerns raised on effectiveness of FCA’s general insurance scorecards
Issues with the Financial Conduct Authority’s pilot of general insurance scorecards have been highlighted by industry players who remain unconvinced a focus on claims data and a ‘one size fits all’ approach is what is required.
In a statement released on 1 March, the FCA said the move will aim to help "boost greater competition between firms, encouraging them to focus on improving the value and performance of their products"
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