Analysis

Briefing: Are regulations on affordability pulling in opposite directions?

By 2024-03-07T09:00:00

pulling apart

The associated costs of new regulation mean that insurance providers may soon have to consider whether affordability is affordable

Those paying attention to the regulator’s movements over the past few weeks may have noticed the FCA flexing its muscles. 

Back in September last year, I wrote that the industry’s regulator had placed guaranteed asset protection (gap) insurance firmly in its crosshairs after a period of information gathering left it unhappy with the product’s fair value to consumers. 

Read more…

Explore more regulation-related content here or discover other news analysis content here

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.