Written Question·Treasury·UIN 56497

Motor Insurance

Tabled: 2 June 2025

Answered: 9 June 2025

Question

Victoria Collins

Liberal Democrat — Harpenden and Berkhamsted

To ask the Chancellor of the Exchequer, whether the Financial Conduct Authority plans to review the methods used by car insurers to determine vehicle valuations in write-off settlements.

Answer

Emma Reynolds

How insurers value vehicles in write-off settlements are a matter for the Financial Conduct Authority who is operationally independent from the Government. The Financial Conduct Authority published its findings of a multi-firm review into insurers’ claims...

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