The Blog Spot: Solving dual pricing with three figures
In an excellent piece in The Times last month was a reference to a suggestion – that renewal invitations should in fact have three prices on them.
It’s an exciting idea that I had never seen before.
At the moment the legislation is that renewal invitations have to have two prices on them (as well as a prominent shop around message).
The rules have been in place since April 2017. Despite being straightforward not every insurer is following them properly – more on which in a moment.
So what’s the third price?
Imagine if you will receiving a renewal invitation from your personal lines insurer which stated: last year’s premium, this year’s
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