Insurtech sector backs FCA’s ‘price walking’ ban as move towards restoring trust

By Clare Ruel2020-09-23T07:27:00

The insurtech sector has welcomed the FCA’s proposals on banning ’price walking’ and sees it as a move towards restoring trust in the insurance industry

The insurtech sector has backed the FCA’s move to ban ’price walking’ as a step towards gaining customer’s trust.

The FCA revealed in its pricing practice report yesterday that new and existing insurance customers would now be charged the same price, and that the loyalty penalty would end.

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