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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." |
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