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Tag: Dual pricing

Dual pricing: Capping prices risks industry profits, warns Fitch | Insurance Age

Dual pricing: Capping prices risks industry profits, warns Fitch | Insurance Age

The CMA had recommended price caps, as regulators propose solutions to the ‘loyalty penalty’, but the ratings agency suggests it could destabilise the market. Fitch Ratings has cautioned that the introduction of price caps could depress industry profits. The warning follows a proposal by the Competition and Markets Authority (CMA) to introduce price caps on […]

FCA strengthens position on dual pricing | Insurance Age

FCA strengthens position on dual pricing | Insurance Age

The regulator has published a fresh response to the CMA. The FCA has outlined its position on the Competition and Markets Authority (CMA) investigation into dual pricing following the government response to the study. In a statement published today, 19 June, the FCA explained that its priority was fair outcomes for all customers and that […]

Insurers could face fines for £4bn dual pricing “rip off” | Insurance Age

Insurers could face fines for £4bn dual pricing “rip off” | Insurance Age

The government is set to give the Competition & Markets Authority power to bypass the courts and fine firms that exploit loyalty. The government is consulting on measures to tackle the loyalty penalty and combat dual pricing which could see companies fined by the Competition & Markets Authority (CMA) if they are found to be […]

Research shows 50% of motorists think dual pricing should be illegal | Insurance Age

Research shows 50% of motorists think dual pricing should be illegal | Insurance Age

A survey by Go Compare show half of the drivers surveyed felt it should be illegal for insurers to reserve best prices for new customers. Research commissioned by GoCompare Car Insurance, revealed that 50% of drivers think it should be illegal for insurers to reserve the best prices for new customers at the expense of […]

Dual pricing frustration breeds opportunistic fraud – experts | Insurance Times

Dual pricing frustration breeds opportunistic fraud – experts | Insurance Times

Dual pricing Dual pricing has long been in the forefront of insurers’ minds for the past 12 months, after a super-complaint was submitted, which led to an investigation into pricing practices. The Claims Awards are still open for entry! Click here to enter for free! “A survey by the Chartered Insurance Institute (CII) found that […]