The FCA will shortly be asking a sample of Insurers, Price Comparison Websites and Insurance Intermediaries to complete a short survey to assess their preparedness for the introduction of the new rules on general insurance pricing practices as outlined in the recent Policy Statement.
The survey will be sent to firms on 16 July 2021 from the following mailbox: GIPricingPractices@fca.org.uk
Firms will have 15 working days to respond and in any case responses should be made by no later than 9 August 2021.



Ukraine – 10% drop reporting
Alistair MacDougall Compliance 2020, 2022, COVID-19, FCA, Update
The current hostilities in Ukraine have caused significant market drops and may continue to do so. Accordingly, a reminder about the 10% drop reporting requirements is timely. Readers will recall the early days of the Covid pandemic in 2020 caused a period of market volatility that necessitated issue of 10% drop notifications to clients. […]