Regulatory Alerts2019-01-29
Added · Updated
PS20/9: General Insurance Value Measures
The Prudential Regulation Authority and Financial Conduct Authority issued Policy Statement PS20/9 to finalize rules on general insurance value measures. The document establishes requirements for insurers to demonstrate that their products provide fair value to customers throughout the product lifecycle. These measures aim to enhance consumer protection by ensuring that general insurance products remain suitable and competitively priced over time.