March 12, 2014

FCA says general insurance add-on industry must make changes

The Financial Conduct Authority (FCA) is proposing a shake-up of the £1bn general insurance add-on markets including banning pre-ticked boxes, forcing firms to publish claims ratios and breaking the point of sale advantage for guaranteed asset protection (GAP) insurance, usually offered alongside car sales.   Christopher Woolard, director of policy, risk and research at the …

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FCA – Regulatory Developments and the Changing Market Structure

Speech by David Lawton, Director of Markets at the FCA, at the American Bar Association Capital Markets Conference, Law Society, London, Thursday 27 February 2014. This is the text of the speech as drafted, which may differ from the delivered version.   You will all be aware of the significant changes that financial markets have …

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