Michael Sicsic: FCA’s clamp down on price walking means industry needs to ‘get its act together’


Managing director says the complexity and difficulty of the FCA’s pricing rules may push smaller brokers to seek acquisitions from bigger firms

The insurance industry needs to “get their act together” while the FCA clamps down on price walking and fair value, as the regulators upcoming influx of data will “pick up [businesses] if people are not doing what they are supposed to be doing”, said Sicsic Advisory managing director Michael Sicsic.

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