Urgent – action required by group risk firms – GRiD

The Financial Conduct Authority (FCA) is concerned that as pressure mounts on household and business budgets some customers may cut-back on the insurance they need, leaving them without protection.

The FCA has confirmed its expectations of firms in the insurance sector on the cost of living and insurance by writing to insurance industry CEOs. The letter states that, as for consumers, “We also know firms are facing challenges, including many small and medium sized enterprises (SMEs), including higher costs (such as energy costs) and staffing issues.”

The FCA's press release, which includes a link to the letter, can be found here.

Benefits of membership:

A STAKE IN POLICY

The opportunity to influence group risk policymaking.

VALUE BY ASSOCIATION

GRiD is a respected voice in the protection sector – as such, membership enhances the status of member organisations.

ACCESS TO EXCLUSIVE INFORMATION

Privileged access to output from the various working groups, including consultation responses, regulatory updates, employer research and pan industry claims data. GRiD members also gain exclusive access to industry speakers at member meetings.

Please enter your details:

Who are you?
Who are you?
- Employer
- Journalist
- Group risk professional (non-member)
- GRID member
- Trade body/Employer body
- Other interested party
First name
Last name
Company name
Role
Telephone
Email address
I agree to GRiD's Terms & Conditions and have read and understood GRiD's Privacy Policy
Only fill in if you are not human

Already a member? Please login.