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Higher premiums for renewing customers investigated by UK regulator

Photo of Patrick Bracher (ZA)
By Patrick Bracher (ZA) on January 26, 2020

The Financial Conduct Authority in the UK has published an interim report of its market study into pricing of home and motor insurance. The FCA found that:

  • Insurers often sell policies at a discount to new customers and increase premiums where customers renew, targeting increases at those less likely to switch.
  • Longstanding customers pay

…

Posted in Insurance

Financial Institutions Legal Snapshot

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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