FSCS urges insurance industry to make ‘holding of clear customer data’ mandatory

customers data connect

In March, the FSCS revealed that it was still trying to trace 30% of Alpha customers after the unrated insurer’s collapse in May 2018. Now its chairman has specified his requirement for a data standard to be put in place for brokers and insurers

The Financial Services Compensation Scheme (FSCS) has highlighted the importance for brokers and insurers in obtaining and holding clear customer data. 

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