What UK FCA General Insurance Pricing Practices PS21/5 - Renewal Pricing Rules and Fair Value Assessment requires
FCA Policy Statement PS21/5 requires home and motor insurance providers to price renewal quotes at no more than what would be offered to an equivalent new customer, eliminating loyalty pricing penalty, and to conduct product value assessments ensuring premiums represent fair value relative to expected benefits.
Pillar: Insurance & Risk · Authority: UK Financial Conduct Authority · Version: 1.0.0 · Last updated:
Primary source: https://www.fca.org.uk/
SHA-256 integrity: 076588850645b5e33c102aca851ea721bee0f8a02e3a217f2809258b00d52d59
Primary Citations — 5 traced to source
- {"title":"FCA Policy Statement PS21/5 - General Insurance Pricing Practices","url":"https://www.fca.org.uk/publications/policy-statements/ps21-5-general-insurance-pricing-practices","section":"Chapter 4 renewal pricing rules; Chapter 5 fair value"}
- {"title":"FCA ICOBS 2A - Product governance and fair value","url":"https://www.handbook.fca.org.uk/handbook/ICOBS/2A/","section":"Manufacturer and distributor fair value obligations"}
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Access
- Discovery (free): /api/v1/nodes/uk-fca-general-insurance-pricing-practices-ps21-5-fair-value.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/uk-fca-general-insurance-pricing-practices-ps21-5-fair-value.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/uk-fca-general-insurance-pricing-practices-ps21-5-fair-value
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