Written Question·Treasury·UIN 22218

Insurance: Costs

Tabled: 6 January 2025
Answered: 9 January 2025

Question

Anna Sabine

Liberal DemocratFrome and East Somerset

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential implications for her policies of trends in the cost of insurance.

Answer

Tulip Siddiq
Insurers make commercial decisions about the terms on which they will offer cover following an assessment of the relevant risks. This is usually informed by the insurer’s claims experience and other industry-wide statistics. The Government does not usuall...

This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 22218) →