Insurance: Corruption
Commons · Question 28617 · Tabled 4 Feb 2025 · Treasury · Official record
Answered 10 Feb 2025
Question
Asked by Steve Darling
To ask the Chancellor of the Exchequer, what steps the Government is taking to (a) investigate and (b) raise awareness of (i) unethical and (ii) potentially corrupt practices within the insurance industry.
Answer
Answered by Emma Reynolds, 10 Feb 2025
The Financial Conduct Authority (FCA) is the independent body responsible for regulating and supervising the financial services industry, including insurance firms. Insurers must treat customers fairly under the FCA’s rules. The FCA monitors firms to ensu...