Analysis

Briefing: Is 2024 the year the FCA gets tough on insurers?

By 2024-01-17T10:00:00

bring the hammer down regulation

All the signs point towards further regulatory activity this year

By Matt Scott

It’s been almost six months since the FCA’s Consumer Duty regulations came into force, and since then the regulator has been very busy wading through the data looking for outliers.

The purpose of this is to find problem areas of the market, as well as the bad actors that are failing to deliver good customer outcomes and products that don’t offer fair value for policyholders.

Read more… 

Explore more regulation-related stories here or discover other news analysis content here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.