Interesting perspective, and I think I am going to allocate some time this week to educate myself more about this potential risk area, to make sure I'm comfortable with my continued holding of PGH.
Hi nice blog, interesting share. FCA are certainly clamping down on what they see as uncompetitive add on products. On the positive side, the products they are offering are more mainstream than the likes of Gap which FCA recently targeted. However the claims ratio you mention will potentially flag with the FCA which could result in intervention down the line, and certainly their internal compliance would need a record of why this product benefits customers and offers "fair value". So watch the FCA newsflow as any action on the insurance products will most likely get flagged in advance.
Thank you Dave!
Interesting perspective, and I think I am going to allocate some time this week to educate myself more about this potential risk area, to make sure I'm comfortable with my continued holding of PGH.
Hi nice blog, interesting share. FCA are certainly clamping down on what they see as uncompetitive add on products. On the positive side, the products they are offering are more mainstream than the likes of Gap which FCA recently targeted. However the claims ratio you mention will potentially flag with the FCA which could result in intervention down the line, and certainly their internal compliance would need a record of why this product benefits customers and offers "fair value". So watch the FCA newsflow as any action on the insurance products will most likely get flagged in advance.