Article preview: The so-called loyalty penalty for insurance customers is coming to an end. The Financial Conduct Authority (FCA) has announced a package of measures designed to improve competition in the home and motor insurance market, designed to protect customers from loyalty penalties. The new rules include ensuring renewal quotes for existing customers are not more expensive than they would be for new customers.
Goodbye to the insurance market loyalty penalty
This 481-word blog post reports on the new Financial Conduct Authority (FCA) rules designed to address the loyalty premium problem in the home and motor insurance market. Written on 28th May 2021.
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