Written Question·Treasury·UIN 32307
Insurance: Costs
Tabled: 21 February 2025
Answered: 3 March 2025
Question
Yuan Yang
Labour — Earley and Woodley
To ask the Chancellor of the Exchequer, what assessment she has made of the potential implications for her policies of recent trends in levels of renewal premiums for insurance.
Answer
Emma ReynoldsThe Government has not made an assessment. The Government does not set the terms, conditions, or prices for insurance policies. Insurers make commercial decisions about pricing based on their assessment of the relevant risks. The Government is determined...
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