Regulatory Alerts2020-09-21
Added · Updated
PS21/11: General insurance pricing practices - amendments
The Prudential Regulation Authority and Financial Conduct Authority issued Policy Statement PS21/11 to amend rules regarding general insurance pricing practices. The document finalizes decisions following previous consultations, including CP20/19, to enhance transparency and fairness in how general insurers calculate premiums. These regulatory changes aim to ensure that pricing methodologies are robust, non-discriminatory, and compliant with established conduct standards.