Insurance firms’ pricing practices will come under the spotlight on Tuesday
Insurers’ pricing practices will come under the spotlight on Tuesday, when the City regulator publishes a final report into its general insurance market study.
It said previously that while a lot of people shop around, many loyal customers are not getting a good deal.
The regulator has estimated in the past that if those customers paying high premiums paid the average price for their risk they could save around £1.2 billion a year.
It has been considering various remedies to improve competition.
These could include restricting the way that firms use automatic renewal.