Analysis

Michael Sicsic: FCA’s clamp down on price walking means industry needs to ‘get its act together’

By 2021-10-22T12:15:00

COMPLIANCE BOOKS

Managing director says the complexity and difficulty of the FCA’s pricing rules may push smaller brokers to seek acquisitions from bigger firms

The insurance industry needs to “get their act together” while the FCA clamps down on price walking and fair value, as the regulators upcoming influx of data will “pick up [businesses] if people are not doing what they are supposed to be doing”, said Sicsic Advisory managing director Michael Sicsic.

Read more…

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

Register now

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Top level access to our Five Star service ratings across our annual Personal Lines, Commercial Lines, eTrading and MGA reports.
  • A choice of daily and weekly email newsletters that suit you, to keep informed of news across the industry directly to your inbox.

Register now to continue reading more for free

As a subscriber you will benefit from unlimited access to our news and news analysis, magazine editions, special supplements, exclusive research reports and full access to the Five Star service rating microsites - view subscription options.