Thursday 30 April 2020 12:00 - 13:00
The FCA’s interim report into general insurance pricing practices has brought into focus a number of market wide issues including:
Price walking • Poor governance • Higher prices for potentially vulnerable customers • Higher prices for less aware customers
These underlying issues span across the pricing activities that insurers undertake, from technical model development and data usage through to internal pricing policies and governance. We will discuss these changes in the regulatory landscape and the impacts it might have on actuaries from a pricing and reserving perspective.