FCA discussion paper: developing add-ons to increase transparency and product quality in the general insurance market – PwC comments

Published at 16:23 PM on 24 June 2015

In response to the discussion paper launched by the FCA today setting out options for measuring the value of general insurance products, PwC’s head of general insurance Mohammad Khan commented:

"Today's announcement by the FCA on focussing on the value of general insurance products to consumers should be welcomed. At times of economic uncertainty, helping consumers to understand the protection value that insurance products can offer can only be a good thing. Some of the examples suggested by the FCA focus on quantitative measures and of course these are important. However, insurance products can also offer "peace of mind" for a consumer and it will be interesting to see how the industry responds to capture this more qualitative measure."

Ends

Notes to editors

Mohammad Khan is available for interviews. Please contact Ellie Raven on [email protected] or +44 (0) 207 804 3663.

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PwC firms help organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 195,000 people who are committed to delivering quality in assurance, tax and advisory services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

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About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

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