FCA reconsiders claims ratios for add-on products following industry backlash
The Financial Conduct Authority has backed down from its intention to require general insurers to publish claims ratio information for add-on products and plans to publish a discussion paper addressing alternative options in “the coming weeks”.
The regulator's plan to enforce the publication of claims ratios, first mooted in the final report of its market review into the sale of general insurance add-on products in July 2014, was met with a
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