Written Question·Treasury·UIN 63433
Motor Insurance
Tabled: 27 June 2025
Answered: 7 July 2025
Question
Victoria Collins
Liberal Democrat — Harpenden and Berkhamsted
To ask the Chancellor of the Exchequer, what assessment her Department has made of the effectiveness of the Financial Conduct Authority's powers in preventing insurers from applying excessive premium increases to non-fault claimants.
Answer
Emma ReynoldsInsurers make commercial decisions about pricing and the terms of cover they offer based on their assessment of the relevant risks. This is usually informed by the insurer’s claims experience and other industry-wide statistics. However, the Government is ...
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