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: b2a7790941f2c838fbaf6a93b155203b160199f51e9b3bd9e9d484ec5c87f298
Primary Citations — 5 traced to source
- Chapter 4 renewal pricing rules; Chapter 5 fair value — FCA Policy Statement PS21/5 - General Insurance Pricing Practices
- Manufacturer and distributor fair value obligations — FCA ICOBS 2A - Product governance and fair value
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Access
- Discovery (free): /api/v1/nodes/uk-fca-general-insurance-pricing-practices-ps21-5-fair-value.json — 6-field metadata
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- Canonical URL: https://bidda.com/intelligence/uk-fca-general-insurance-pricing-practices-ps21-5-fair-value
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