ABI commented on the announcement by Martin Wheatley, FCA Chief Executive, that the FCA will be conducting a thematic review of claims handling in personal insurance.
Maggie Craig, Director of Financial Conduct Regulation at the Association of British Insurers, said:
"Millions of individuals and businesses rely on the vital financial protection insurance provides, with insurers paying over £28 million to customers every day for household and motor claims alone. Insurers want to offer products that do what they say on the tin, with clear policy language and a straightforward claims process.
"Claims service is the shop window by which the industry is often judged, and insurers are continually looking at how they can provide the best possible service to customers. We have been working with the FCA since early last year and look forward to engaging with the regulator on their thematic review.”
Full comment
© ABI
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article