FCA sounds alarm over Brexit, misconduct, and data usage
The regulator examined several areas of potential harm in its annual review of the general insurance sector.
The Financial Conduct Authority (FCA) has reiterated concerns surrounding Brexit, non-financial misconduct, and data usage in its annual assessment of the general insurance sector.
The FCA also highlighted dual pricing in personal lines, which cost consumers £1.2bn in 2018, as a major cause of financial harm across all markets its regulates.
Christopher Woolard, executive director of strategy and competition at the FCA and interim chief executive, commented on the report: “We are committed to
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