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6th March 2016, 13:41 | #1 |
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FCA to publish "Scorecards" for insurers
Read this in one of the Financial papers - It could enable us all to more easily judge a good insurer from bad. The pilot scheme kicks off this summer.
The FCA has announced that it will pilot the publication of general insurance 'scorecards' on its website, enabling people to compare both products and firms. The scorecards will show how often consumers are likely to claim on a product, how likely those claims are to be accepted and the average claims pay-out In July 2014, the FCA published the results of the general insurance add-ons market study which showed that competition was not working well for many consumers. The pilot will launch this summer, and will last for approximately 12 months, including two publications of the data - one at the start and one at the end of the pilot. Christopher Woolard, director of strategy and competition at the FCA, said: “We believe that publishing a range of information will help to boost competition between firms, encouraging them to focus on improving the value and performance of their products, whilst giving stakeholders and consumers more insight into the value they offer.” |
6th March 2016, 20:14 | #2 |
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Great idea and about time
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[SIGPIC][/SIGPIC] T4 Owner Jobs done : new UBP, Spy hole mod, Rear hub(wheel bearing),plenum cleaned and emptied, Inline thermostat fitted,Full service, In car Digital tv/DVD Bluetooth Satnav etc, Replaced UBP, Restored headlights,Fixed airbag connection.replaced HP pump,replaced rear light seals,changed intercooler O rings. Jobs to do: ,replace drivers lock,.[/SIZE] |
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