Consumer Intelligence warns premium hikes could follow FCA pricing report

Ian Hughes Photo (3)

Consumer Intelligence has warned that premium hikes could follow the proposals that were laid out in the FCA’s pricing practices report which was published yesterday

Consumer Intelligence has warned that insurance premiums could increase now that the FCA has ended dual pricing and the loyalty penalty.

Although this could benefit customers and especially vulnerable customers, insurers will not be able to make money elsewhere such as credit offerings and add-on products and this could lead to premium hikes, according to Ian Hughes, chief executive at Consumer Intelligence.

Read more…

(If you’re already a subscriber, please sign in here.)

Get access with a 14-day free trial

This article is usually available exclusively to subscribers.

Subscribe for full access - Take out a print and online or online only subscription

For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.

Also, as a registered user, you will be able to -

  • Access unlimited breaking industry news as it happens
  • Sign up to a choice of daily and weekly newsletters

Register to view free premium content