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Tag Archives: consumer protection

Posted in Regulatory and legislative updates, UK

UK: FCA call for input on access to insurance

On 20 June 2017, the Financial Conduct Authority (“FCA“) published a Call for Input inviting firms (amongst other stakeholders) to submit their views on the challenges they face in providing travel insurance to consumers who have (or have had) cancer (“Relevant Consumers“) by 15 September 2017. The issue In May 2016 the FCA published its

Posted in Market developments, Poland, Regulatory and legislative updates

The Polish regulator’s position on insurance companies publishing their standard contracts on their websites

Background to the issuing of the Polish regulator’s position Based on the new regulation in the Polish insurance market that entered into force on 1 January 2016, the general terms and conditions of insurance (“GTC“) as well as other standard contracts must be published by insurers on their websites. The Polish regulator (“KNF“) noticed, however,

Posted in Market developments, UK

UK: Swings and Roundabouts: An Economic Analysis of Price Discrimination and Cross-Subsidy

The FCA recently published Occasional Paper No.22, analysing price discrimination and cross-subsidy in financial services.  Already used widely in the market, these pricing practices will only become more common with the advent of Big Data.  Are they a cause for concern, or just a natural aspect of healthy competition?  The Paper considers the economic impacts

Posted in European Union, France, Germany, Italy, Market developments, Poland, Spain, UK

EU: EIOPA’s Expectations of manufacturers and distributors of insurance products

In the UK, there has been a lot of activity in relation to ensuring the protection of consumers buying general insurance products. On the back of the (relatively new) Consumer Insurance (Disclosure and Representations) Act 2012, there have been a number of FCA initiatives for increasing consumer protection and fairness and it can be said