News

Millions of consumers cutting insurance cover amid cost of living pressures

By 2023-05-19T11:16:00

cost of living crisis

The financial services industry has a ‘vital role to play in supporting people during these challenges times’, says regulator

Some 3.6m insureds cancelled at least one of their policies in the six months leading to January 2023 because of financial pressures driven by the cost of living crisis.

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