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Commercial Credit News
|FCA review reveals shortcomings in the provision of premium finance for general insurance|
|Monday, 11 May 2015|
A Financial Conduct Authority (FCA) review has revealed that insurers and insurance intermediaries are not always providing customers with clear information about the different payment options available, when buying general insurance products.
The FCA thematic review of premium finance focused on the online sale of home and car insurance and followed the customer journey up to the point where purchasers are required to input their payment details. The review included 13 insurers and 30 insurance intermediaries, including four price comparison websites.
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